Ruling and Opposition Parties Clash Over Tariff Negotiation Ratification at Finance Committee... Agreement Reached on 700 Billion Won Reserve Fund

The dispute over whether the National Assembly should ratify the Korea-US tariff negotiations also unfolded at the Planning and Finance Committee of the National Assembly. The government and the ruling party maintain that ratifying the memorandum of understanding (MOU) between Korea and the United States in the National Assembly would reduce the country's ability to respond to future changes. In contrast, the opposition party argues that, given the significant fiscal burden involved, transparent verification through the ratification process is necessary. Park Dae-chul, a member of the People Power Party, stated at the plenary session of the Planning and Finance Committee held on this day, "We must ask the people how to use their valuable tax money," and emphasized, "The only way to ask them is through the National Assembly." Article 60, Paragraph 1 of the Constitution stipulates that the National Assembly has the right to consent to the conclusion and ratification of treaties concernin