Ruling Party and Government to Accelerate Legislation for 1.35 Million Housing Units in Seoul Metropolitan Area... Pledge Bipartisan Cooperation with Opposition

Ruling Party: "Bills That Can Be Passed Within the Year to Be Fast-Tracked"

The Democratic Party of Korea and the government agreed on November 20 to make every effort to cooperate with the People Power Party in order to supply 1.35 million housing units in the Seoul metropolitan area, as outlined in the September 7 real estate policy package.

Bok Giwang, a Democratic Party lawmaker and the ruling party secretary of the Land, Infrastructure and Transport Committee, stated at the party-government consultative meeting with the Ministry of Land, Infrastructure and Transport held at the National Assembly Members’ Office Building on this day, "Real estate policy is not just for the Democratic Party or the People Power Party. With the intention of serving the people, we will not let go of bipartisan cooperation and will do our utmost to ensure that these bills are addressed in the standing committee through cooperation until the end."

Bok also said, "The chair of the Land Law Review Subcommittee of the National Assembly’s Land, Infrastructure and Transport Committee is Kwon Youngjin from the People Power Party, which is the opposition party. There are concerns that the discussion speed is slowing down because all follow-up real estate policy bills fall under the jurisdiction of this subcommittee," adding, "From now until the end of the year, we plan to hold party-government consultative meetings on current issues once a week. The party and government will do their best to secure the cooperation of opposition committee members."

Currently, the Land Law Review Subcommittee is deliberating several bills, including the Special Act on Maintenance and Support for Aging Planned Cities, the Urban and Residential Environment Improvement Act, and the Real Estate Transaction Reporting Act.

Yonhap News Agency

Maeng Sungkyu, a Democratic Party lawmaker and chair of the Land, Infrastructure and Transport Committee, also emphasized in his opening remarks, "Based on today's discussions, we plan to fast-track bills that can be processed within the year as expedited legislation."

During the meeting, participants also discussed the enactment of a new law to ensure the safety of personal mobility devices (PM) such as electric kickboards, as well as plans to promote the Special Building Act and the Building Act for the temporary legalization of small-scale residential illegal structures.

Regarding the PM Act, the Democratic Party plans to gather additional input from young people, who are the main users, and discuss it in the subcommittee next week. For the law on small-scale residential illegal structures, the committee will hold regular meetings once a week and aims to present a concrete proposal by the end of this year, or at the latest, by February or March next year.

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