"Opposition to Calling It the Fair Economy 3 Laws... Economic-Related 3 Laws"

Joo Ho-young, floor leader of the People Power Party, is attending the floor leaders' meeting held at the National Assembly on the 13th and delivering an opening remark. Photo by Yoon Dong-joo doso7@

Joo Ho-young, floor leader of the People Power Party, is attending the floor leaders' meeting held at the National Assembly on the 13th and delivering an opening remark. Photo by Yoon Dong-joo doso7@

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[Asia Economy Reporters Lee Ji-eun, Lim Chun-han] Joo Ho-young, floor leader of the People Power Party, refuted allegations that internal discord arose over the formation of the primary preparation committee, stating that it was not discord but rather diverse opinions.


On the morning of the 13th, right after the National Assembly floor countermeasure committee meeting, Joo told reporters, "It was not discord but diverse opinions," explaining the situation.


This was in response to reports that internal discord occurred when the preparation committee was formed the previous day, including the replacement of the chairman and the committee’s status being lowered from the election management committee to the preparation committee. He explained, "There were opinions on how to form the committee, what role the committee should play, whether to entrust the strategy related to primary rules or election management, so we limited the role to setting the primary rules and changed the name accordingly."


Regarding the reason why former Deputy Prime Minister for Economic Affairs Yoo Il-ho was initially appointed as chairman but then withdrawn, he refrained from commenting, saying, "Please ask the secretary-general or the emergency committee chairman directly."


Some media outlets reported that Kim Jong-in, emergency committee chairman, said in a preliminary meeting the day before, 'If it continues like this, there is no need for the emergency committee, and it will be difficult to win future elections.' Joo avoided commenting, saying, "I was not present at that meeting, so I do not know the atmosphere, and it is not appropriate for me to comment."


Regarding the Democratic Party’s request for cooperation to pass the so-called 'Fair Economy 3 Laws (Commercial Act, Fair Trade Act, Financial Group Supervision Act)' within the regular session of the National Assembly, he said, "I oppose calling them the Fair Economy 3 Laws," adding, "They are also called the Corporate Regulation 3 Laws or Fair Economy 3 Laws, so the nature of each law can differ, and the meaning of each provision is interpreted differently, so within the party, we refer to them as the Economic-related 3 Laws."



He continued, "Since the National Assembly audit is ongoing, we have not yet gathered all the opinions of the lawmakers, but after the audit ends, we will organize the party’s position through several policy caucuses."


This content was produced with the assistance of AI translation services.

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