• Lauch of NABOSTATS

    News & Events

    [NABO News] Lauch of NABOSTATS is now live

    The National Assembly Budget Office (Chief of NABO Chunsoon Kim) launched the first version of both desktop and mobile websites of its fiscal and economic statistics system (NABOSTATS; www.nabostats.go.kr) on September 1. NABOSTATS is a statistics information system by which NABO can now render comprehensive fiscal and economic statistics information service for the National Assembly's legislative activities. The system will support legislative efforts by providing not only fiscal and economic statistics but also statistics related to major policies of parliamentary committees and government departments, statistics on North Korea, and statistics from international bodies such as the OECD and the IMF. NABOSTATS also presents the National Assembly's deliberation history in a structured manner, particularly concerning its fiscal activities including modifications, incidental opinio...
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  • AMRO annual consultation team visits NABO

    News & Events

    AMRO's annual consultation team visits NABO

    The National Assembly Budget Office (NABO) received the annual consultation team from the ASEAN+3 Macroeconomic Research Office (AMRO) on August 30 (Thursday) and discussed economic trends and major issues in Korea.
    The seven-member annual consultation team headed by Dr. Sumio Ishikawa, lead economist of AMRO, met Jongku Lee, head of the Administrative Budget Analysis Division, and analysts from the Budget Analysis Department, Estimates and Tax Analysis Department, and Economic Analysis Department to review fiscal performance and discuss the fiscal outlook, fiscal stability, and other issues.
    AMRO is a regional macroeconomic surveillance organization representing all ten ASEAN member states (Big 5: Indonesia, Malaysia, Thailand, Singapore, and the Philippines / Small 5: Brunei, Cambodia, Laos, Myanmar, and Vietnam) plus Korea, China, and Japan.
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  • Hosting of a Grand Debate on National Finance in Celebration of the 70th Constitution Day

    News & Events

    Hosting of a Grand Debate on National Finance in Celebration of the 70th Constitution Day

    Hosting of a Grand Debate on National Finance in Celebration of the 70th Constitution Day

    On Monday July 16th, 2018, NABO (Chief: Chunsoon Kim) held a Grand Debate on National Finance in Celebration of the 70th Constitution Day to review the role of national finance in the context of economic development over the past 70 years and discuss a new paradigm for national finance in an altered policy environment.

    NABO Chief Kim Chunsoon explained that as we celebrate the 70th anniversary of the adoption of the constitution, this debate was prepared for the National Assembly and academia to come together and reflect upon the role of national finance within the context of economic growth and explore the role finance will play in the coming years.

    Speaker of the National Assembly, Moon Hee-sang highlighted the overwhelming number of challenges such as social polarization, youth unempl...
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  • NABO Successfully Concludes the 10th OECD PBO-IFIs

    News & Events

    NABO Successfully Concludes the 10th OECD PBO-IFIs

    NABO Successfully Concludes the 10th OECD PBO-IFIs - 81 participants from 36 countries and 10 international organizations and institutions seek better directions for budget management-

    ❑ NABO (Chief: Chunsoon Kim) announced that the 10th Annual Meeting of the OECD Network of Parliamentary Budget Officials and Independent Fiscal Institutions (OECD PBO-IFIs) held from Monday July 2nd to Wednesday July 4th, 2018, was successfully concluded. The OECD PBO-IFIs is an annual meeting first launched in Rome, 2009, in response to the 2008 global financial crisis. In this meeting, 35 OECD member countries and representatives of independent fiscal institutions that provide independent analyses on economic and budgetary issues come together to discuss positive directions for fiscal management, including ways to enhance fiscal soundness.

    ❑ This meeting was held in Asia for the first time, host...
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  • Reach Out Program: Spreading the Love at Sorok Island

    News & Events

    Reach Out Program: Spreading the Love at Sorok Island

    On May 25th, 2018, NABO payed a visit to Sorokdo National Hospital in Goheung-gun, Jeollanam-do, as part of a reach-out program to support patients struggling with leprosy.
    NABO Chief Kim Chunsoon and 20 staff members delivered gifts that included sneakers and funds, and participated in an environmental cleanup. Chief Kim also held a roundtable meeting with the head of Sorokdo National Hospital as well as the chairman and members of the Sorokdo Village Community to receive an update and exchange views regarding the health and welfare conditions of leprosy patients and the challenges faced by employees in managing the hospital.
    Chief Kim said that “NABO will continue to be involved in efforts to correct the misconceptions surrounding leprosy, promote a healthy lifestyle for leprosy patients and improve compensation for employees.”
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  • News & Events

    National Assembly Budget Office visited Korea Polytechnic University

    Chunsoon Kim, Chief of National Assembly Budget Office, and executives visited KPU(Korea Polytechnic University) to inspect Youth Job Creation Measures on April 24th. KPU has been running 「Contract Major」 implemented based on Industry-specific vocational education.

    Dr. Kim met with Hyunho Ann, President of KPU, and said he hoped that the Contract Major could be positioned as a talent training course that can be directly linked to youth job creation. In addition, Dr. Kim visited TIP(Techno Innovation Park), and discussed about operations of concurrent daily learning and early-employment contract major with school staff.
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  • News & Events

    National Assembly Budget Office visited the Vocational Rehabilitation Facilities for the Disabled

    Twenty of the executives of the National Assembly Budget Office, including Chief, Chunsoon Kim, visited EM Practice in Seoul (Geumcheon-gu, Seoul) on April 20 for the Disabled People Day. NABO staff participated in activities with disabled, who are committed to production activities by overcoming disability, and encouraged employees who exert oneself to improve disabled people’s working environment.
    Dr Kim said "Disabled people are a valuable member who can live in harmony in our society" at the meeting with Young-Hwan Kim, Director of EM Practice, Hang-Ran Kim, Chairman of the Vocational Rehabilitation Facility Association, and emphasized the importance of vocational rehabilitation facilities to give them opportunities.
    In the future, National Assembly Budget Office will continue to look at ways to increase the number of opportunities for severely handicapped people, and to r...
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  • News & Events

    National Assembly Budget Office visited Korea Exchange

    Chunsoon Kim, Chief of National Assembly Budget Office, and staff members visited Korea Exchange Seoul Office, and had meeting with Jiwon Jung, Chairman of Korea Exchange, regarding market trend and economy policy. Also, Dr. Kim visited the Control Center and Promotion Hall to listen to briefing of market system and overview of Korea Exchange.
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  • News & Events

    NABO, International Exchange with Ghana, Guatemala, Hungary KSP Members

    From end of January to end of February, National Assembly Budget Office invited Ghana, Guatemala and Hungary as a part of Knowledge Sharing Program(KSP). KSP is a program to share development history and current policy of Korea with developing countries as an aid project.


    First, on January 31th, 7 members from Ghana including Kwaku Kwarteng, Memeber of Parliament and Deputy Minister of Finance, visited NABO. Ghana has plans to establish financial analysis institution, and expected to listen about tax-planning technique from Moonjong Jeong.



    Next, Ki Seok Ko had meeting with 4 members from Guatemala including Martha María Pacay Guillermo, Director of Monitoring and Evaluation Department of the Guatemalan National Planning Office, and discuss about economy development plan, strengthening budget connectivity, and budget adjustment and distribution system.



    Fi...
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  • News & Events

    Meeting with Nurdinjon Ismailov, Speaker of Legislative Chamber

    Nurdinjon Ismailov, Speaker of Legislative Chamber, and Uzbekistan Delegates visited NABO on February 22th and had meeting with Dr. Chunsoon Kim and other key officials from NABO. This visit was made with the invitation of Sye-kyun Chung, Speaker of National Assembly. Dr. Chunsoon Kim introduced NABO as "a specialized financial analysis agency that assists the National Assembly to exercise its financial right effectively, and promised to support any matters regarding cooperation of two countries. Nurdinjon Ismailov, Speaker of Legislative Chamber, mentioned, "We are very interested in the financial examiniation function of NABO and Republic of Korea." In addition, He asked NABO to visit Uzbekistan as well.
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