Party and Government to Accelerate Real Estate Legislation... "Over 30 Follow-up Bills to the 9/7 Measures"

Ministry Reports on About 30 Key Bills
Accelerating Legislation for the September 7 Supply Measures

Maeng Sungkyu, Chairman of the National Assembly Land, Infrastructure and Transport Committee and a member of the Democratic Party of Korea, announced on the 18th, "We will expedite the handling of bills that are essential for people's livelihoods," adding, "There are nearly 30 key bills."

After the party-government consultation held at the National Assembly Members' Office Building that morning, Assemblyman Maeng spoke to reporters, saying, "Since mid-December last year, the Bill Review Subcommittee has not convened at all," and added, "We have continuously requested the opposition party to move forward with the bills, but for various reasons, the meetings have not been held. We cannot let this situation continue indefinitely."

Maeng Sungkyu, Chairman of the National Assembly Land, Infrastructure and Transport Committee, is giving a greeting at the party-government consultation held on the 18th in the National Assembly Members' Office Building. Photo by Yonhap News

During the meeting, the Ministry of Land, Infrastructure and Transport reported approximately 30 legislative tasks. Assemblyman Maeng explained that the priority bills include the Special Act on Public Housing, the Special Act on the Complex Development of Aging Public Office Buildings, the Special Act on the Complex Development of School Sites, the Yongsan Park Act, the Housing Act, the Urban Maintenance Act, and the Real Estate Development Project Management Act, which are all intended to support the 9·7 and 1·29 real estate supply measures.

Assemblyman Maeng also stated, "We were briefed on bills to strengthen safety at construction sites and to ensure Korea's safety supervision system aligns with international (aviation) standards," adding, "As for the Special Act on the Arrangement of Specific Buildings (the so-called Act to Legalize Illegal Structures), the government and the committee are in the final stages of coordination."

Minister of Land, Infrastructure and Transport Kim Yoonduk said in his opening remarks, "There are significant changes in the housing market, such as an increase in housing listings in Seoul and a downward turn in housing prices in the three districts of Gangnam and Yongsan," but emphasized, "Real and lasting market stability is only possible when supply is secured. We need to accelerate the legislative process for the 9·7 measures."

Previously, Han Byungdo, the Democratic Party floor leader, said at the party caucus the day before, "I was surprised to learn that the 1st Subcommittee of the Land, Infrastructure and Transport Committee held a bill subcommittee meeting on December 25 last year and has not held any since," and called for "convening a plenary session to boldly process bills related to people's livelihoods and the economy."

In response, Assemblyman Maeng said, "Coincidentally, the party caucus specifically mentioned the Land, Infrastructure and Transport Committee, but (the party-government consultation) was prepared separately," and added, "With at most two months left in the term, I believe it is the responsibility of standing committee members of the National Assembly to conclude a significant portion of the work within that period."

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