Deadlock in Ruling and Opposition Policy Chiefs' Meeting over Forcing Local Currency Law by Opposition Party

The People Power Party opposed the ruling Democratic Party's forcible passage of the Local Currency Act (Amendment to the Act on the Promotion of Local Love Gift Certificates), leading to the cancellation of the scheduled meeting between the policy chiefs of both parties.

On the 5th, at the plenary meeting of the Administrative Safety Committee held in the National Assembly, Chairman Shin Jeong-hoon is striking the gavel.
[Photo by Yonhap News]

On the 5th, the People Power Party's Policy Committee announced, "Due to the ruling party's unilateral legislative rush (forcible passage of the Local Currency Act) during the plenary session of the National Assembly's Public Administration and Security Committee today, the meeting between the policy chiefs of both parties scheduled for the next morning has been canceled." The Democratic Party's Policy Committee also announced, "The meeting between the policy chiefs of both parties has been postponed at the request of the People Power Party."

People Power Party leader Han Dong-hoon and Democratic Party leader Lee Jae-myung held a leaders' meeting on the 1st and agreed to form a 'Council for the Promotion of Common Livelihood Pledges.' Kim Sang-hoon, head of the People Power Party's Policy Committee, and Jin Sung-jun, head of the Democratic Party's Policy Committee, were to meet to discuss the formation of the council.

However, the Democratic Party forcibly passed the Local Currency Act through the plenary session of the Public Administration and Security Committee on the same day. The Local Currency Act centers on mandating national financial support for local love gift certificates. The People Power Party opposed the passage of the Local Currency Act, calling it a "cash handout law."

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