The Democratic Party Proposes Four Laws to Prevent Farmland Speculation... "Principle of Farming by Those Who Cultivate the Land"

[Asia Economy Reporter Oh Ju-yeon] Members of the Agriculture, Forestry, Livestock, Food, and Maritime Affairs Committee affiliated with the Democratic Party of Korea proposed four bills to prevent farmland speculation on the 31st, emphasizing the principle of Gyeongja Yujeon (耕者有田: only those who farm can own farmland).

On the same day, the committee members affiliated with the party proposed amendments to the Farmland Act, the Agricultural and Fishery Management Act, the Korea Rural Community Corporation Act, and the Judicial Police Duties Act.

The amendment to the Farmland Act, led by Representative Wi Seong-gon, focuses on ▲strengthening the qualification review for farmland acquisition ▲prohibiting acts that promote illegal activities under the Farmland Act and enhancing disposition orders for illegal acts.

Representative Wi emphasized, "Fundamental institutional improvements are necessary to ensure that the principle of Gyeongja Yujeon can be achieved," adding, "Farmland is a site of production, not a target for speculation."

Representative Lee Gae-ho proposed an amendment to the Korea Rural Community Corporation Act to establish the Farmland Bank Promotion Agency, which will conduct farmland status investigations and monitoring. Representative Lee Won-taek proposed an amendment to the Agricultural and Fishery Management Act to strengthen regulations on the establishment and operation of agricultural corporations engaged in real estate business. Representative Seo Sam-seok submitted an amendment to the Judicial Police Duties Act to include investigations into farmland ownership within the investigative scope of special judicial police officers.

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