Agreement Reached on Linked Processing of Mining Complex Act and Special Act on Coal Mine Closures... Plenary Session on 26th

[Asia Economy Reporter Oh Ju-yeon] The 'Korea Mining Corporation Act,' which involves merging the Korea Resources Corporation, currently in a state of complete capital erosion, with the Korea Mine Reclamation Corporation, was processed in conjunction with the Special Act on Support for Development of Abandoned Mine Areas (the Abandoned Mine Special Act).

On the 23rd, the National Assembly's Industry, Trade, Energy, Small and Medium Enterprises Committee approved the amendments to the Mining Corporation Act and the Abandoned Mine Special Act during a plenary session that lasted until evening.

On that day, the Mining Corporation Act was initially submitted solely at the ruling party's request but was referred to the agenda adjustment committee due to opposition from the opposition party. The ruling and opposition parties formed an agenda adjustment committee by 3 p.m. and, after further discussion, agreed on amendments to the Mining Corporation Act and the Abandoned Mine Special Act to merge the Korea Resources Corporation with the Korea Mine Reclamation Corporation to launch the 'Korea Mine Reclamation and Resources Corporation.'

Lee Cheol-gyu, the opposition party's floor leader, said in a phone interview with Asia Economy, "The Mining Corporation Act, along with the amendments to the Abandoned Mine Special Act, will go through the National Assembly's Legislation and Judiciary Committee on the 25th and be processed at the plenary session on the 26th."

Until the morning of that day, the ruling party urged the urgent passage of the bill to prevent the bankruptcy of the debt-ridden Resources Corporation, while the opposition party insisted it should be processed in conjunction with the amendment to the Abandoned Mine Special Act. They explained that merging with the Mine Reclamation Corporation, which was launched to revive the economy of abandoned mine areas, requires corresponding compensation. While both parties agreed on the necessity of support for abandoned mine areas, the ruling party initially drew a line, stating that the two bills were separate issues. However, through discussions with the opposition party at the agenda adjustment committee, the amendments to the Korea Mining Corporation Act and the Abandoned Mine Special Act were processed.

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