Proposal to Create a Working-Level Consultative Body Regardless of the Composition of the GiJaeWi Subcommittee for Discussions

Ryu Seong-geol Proposes "Forming Working Groups with Two Members Each, Including Secretaries"

Ryu Seong-geol, member of the People Power Party./Photo by Yoon Dong-ju doso7@

[Asia Economy Reporters Hyunju Lee and Hyunji Kwon] The People Power Party proposes to the Democratic Party of Korea to form a working-level consultative body to start reviewing the budget bill and tax law amendments regardless of the formation of subcommittees, in order to improve the current situation of the National Assembly's Strategy and Finance Committee, which is struggling to form subcommittees. This was the outcome of a closed-door meeting among People Power Party members of the Strategy and Finance Committee that lasted over an hour from 10 a.m. on the 16th.

Ryu Seong-geol, the ruling party secretary of the Strategy and Finance Committee, told reporters after the meeting, "We have created one proposal to suggest to the opposition party for faster bill review," adding, "There was a consensus to propose forming a working-level compromise group (consultative body) consisting of two members including the People Power Party secretary and two members including the Democratic Party secretary."

Although practical matters such as bills and budgets should be discussed through the Tax Subcommittee and the Economic and Fiscal Subcommittee, the formation of subcommittees has been delayed, so the intention is to prioritize reviewing current issues first. With the full Strategy and Finance Committee meeting scheduled for the 17th, the ruling party feels the need to speed up the process.

Rep. Ryu said, "Please understand this as an effort to quickly conduct practical consultations and review proposals in advance regardless of whether the subcommittee is formed or not," adding, "Whether the subcommittee is formed or not, whether the full meeting is held or not, we have to do our work, so please understand."

Rep. Ryu plans to meet directly with Shin Dong-geun, the Democratic Party secretary of the Strategy and Finance Committee, to convey the related matters and finalize the agreement.

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