Speaker of the National Assembly: "The order of progress for the Geumso Act and Inbaeng Act has not been changed"

On the 5th, the 'Special Act on Internet-Only Banks Amendment Bill' was rejected in the National Assembly plenary session with 184 members present, 75 in favor, 82 against, and 27 abstentions. Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Lee Ji-eun] On the 5th, Moon Hee-sang, Speaker of the National Assembly, stated, "I have never been involved in the order of proceedings for the Financial Consumer Protection Act (Geumso Act) and the Special Act on the Establishment and Operation of Internet-only Banks (Inbaeng Act) amendments submitted to the plenary session of the National Assembly."

Earlier, the United Future Party pointed out that "the agenda order notified to the chief of the first opposition party the previous day was number 22 for the Inbaeng Act and number 23 for the Geumso Act, but when the plenary session started at 2 p.m. today, the order of these two was reversed," suggesting that the Democratic Party intended to pass the Geumso Act while rejecting the Inbaeng Act. Originally, the ruling and opposition parties had agreed to pass both the Geumso Act and the Inbaeng Act together, but the Democratic Party broke this agreement and passed only the Geumso Act.

In protest, the United Future Party left the plenary session hall, and the session was adjourned for the day.

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