Ruling and Opposition Parties to Convene Plenary Session on 29th... Partial Agreement on Committee Formation

On the afternoon of the 26th, National Assembly Speaker Park Byeong-seok is meeting with Kim Tae-nyeon, the floor leader of the Democratic Party of Korea, and Joo Ho-young, the floor leader of the United Future Party, in the Speaker's office at the National Assembly in Yeouido, Seoul. Photo by Kang Jin-hyung aymsdream@

[Asia Economy Reporter Dongwoo Lee] It has been reported that the ruling and opposition parties have found some common ground on the issue of the Legislation and Judiciary Committee (Law Committee) and the overall organization of the National Assembly.

Speaker of the National Assembly Park Byeong-seok plans to hold a plenary session on the 29th after reviewing the weekend negotiations between the ruling and opposition parties to finalize the election of standing committee chairs and to process the third supplementary budget within the current extraordinary session.

On the 26th, Speaker Park held a marathon meeting with Kim Tae-nyeon of the Democratic Party of Korea and Joo Ho-young of the United Future Party to discuss the organization plan, including the issue of the Law Committee chairmanship.

Han Min-su, the Speaker’s press secretary, told reporters after the meeting, "Speaker Park will hold a plenary session on the 29th," adding, "The supplementary budget will definitely be processed within this extraordinary session (until July 4th)."

It has been reported that Speaker Park and the floor leaders of both parties attempted to reach a comprehensive agreement on all current issues, including the allocation of the Law Committee chairmanship and various national investigations demanded by the opposition.

On the 15th, the Democratic Party, which elected six standing committee chairs including the Law Committee without the participation of the United Future Party, insisted that the remaining standing committee chairs must be elected at the plenary session on this day to process the third supplementary budget.

On the other hand, the United Future Party argued that, to check the government and ruling party, the Law Committee chairmanship should be held by the opposition party as per tradition, and if this condition is not met, they declared a last stand, saying the ruling party can take all the standing committee chairs.

The biggest point of contention in the floor leader negotiations scheduled for the 28th is expected to be the Law Committee. However, even if the ruling and opposition parties fail to reach a final agreement by that day, Speaker Park is expected to make a decision on the organization, including the Budget and Accounts Committee, on the 29th.

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