People Power Party Reverses Stance Against Labor Director System... Ryu Seong-geol "Will Do Our Best for Consensus Processing"

[Image source=Yonhap News]

[Asia Economy Reporter Naju-seok] The ruling and opposition parties have agreed to pass the public institution labor director system. The introduction of the labor director system is expected to become a reality in quasi-governmental institutions and national policy banks.

On the 31st, Ryu Seong-geol, a member of the People Power Party and the opposition whip of the National Assembly's Planning and Finance Committee, announced at the party's floor strategy meeting, "Yesterday afternoon, I reached an agreement with Yoon Hu-deok, the chairman of the Planning and Finance Committee (affiliated with the Democratic Party), regarding the formation of the committee to coordinate agenda items." Ryu said, "We have agreed to pass the partial amendments to laws concerning the operation of public institutions, which are currently being discussed in the agenda coordination committee," adding, "The People Power Party will do its best to ensure the agreement is passed."

If the law regarding the introduction of the labor director system in public institutions is agreed upon in the agenda coordination committee, it can proceed to the full Planning and Finance Committee meeting. To pass the agenda coordination committee, two-thirds of participating members must agree. Since the Democratic Party already supports it and the People Power Party has expressed willingness to agree, the likelihood of passage has increased. The Planning and Finance Committee will hold the agenda coordination committee meeting in the afternoon to discuss the introduction of the labor director system. Initially, the Democratic Party pushed for the passage of this bill, but it was referred to the agenda coordination committee on the 8th due to opposition from the People Power Party.

The People Power Party, which had opposed the introduction of the labor director system, has completely revised its stance. This bill, which centers on including labor union-recommended personnel on the boards of public institutions, was requested for passage within this year's regular National Assembly session by Lee Jae-myung, the Democratic Party's presidential candidate. The People Power Party's change of position came after Yoon Seok-yeol, the party's presidential candidate, expressed support for the labor director system. On the 15th, during a visit to the Federation of Korean Trade Unions (FKTU), Yoon expressed his support for the necessity of introducing the public institution labor director system.

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