The National Assembly passed a bill on August 20 that reduces the fast-track review period from a maximum of 330 days to 90 days, led by the Democratic Party. The Assembly also processed follow-up bills supporting the government's real estate supply measures, including amendments to housing laws and the public housing special law. However, the special law for the creation of Yongsan Park was not presented for discussion due to disagreements between the ruling and opposition parties, and will undergo further discussions.
During the plenary session, the Assembly approved over 70 bills agreed upon by both parties. The amendment to the National Assembly Act was passed with 153 votes in favor and 81 against out of 234 members present.
The amendment includes provisions to shorten the review period for fast-track bills from 180 days to 60 days in standing committees, and from 90 days to 30 days in the Legislation and Judiciary Committee. It also eliminates the requirement to wait up to 60 days after a bill is presented to the plenary session, allowing it to be discussed at the next available session.
The bill was initially presented to the Assembly on July 31, where it faced a filibuster from the People Power Party, but it automatically ended with the conclusion of the July extraordinary session. Consequently, it was reintroduced at the first plenary session of the August extraordinary session and voted on.
Additionally, follow-up bills related to the government's September 7 real estate supply measures were passed. Notably, an amendment to the housing law temporarily relaxes the requirement for urban-type housing to fewer than 500 units, and allows for up to 700 units in transit-oriented developments. The public housing special law was also passed to improve environmental and compensation procedures for public housing projects and shorten project timelines.
The special law for the creation of Yongsan Park and amendments to the urban maintenance law, which were expected to be presented at this session, were postponed. Democratic Party floor leader Cheon Jun-ho stated after a meeting with People Power Party floor leader Kim Seung-soo that they would monitor discussions between the Minister of Land and the Mayor of Seoul and aim to process these bills next week.
The plenary session also approved recommendations for three candidates for special inspector. The candidates, Choi Gil-soo, Kang Ji-sik, and Choi Yong-hoon, were nominated by the Democratic Party, the People Power Party, and the Korean Bar Association, respectively.
The special inspector is a vice-ministerial level official responsible for monitoring corruption involving the president's relatives and close aides. President Lee Jae-myung must appoint one of the candidates as special inspector within three days of receiving the nomination from the National Assembly, after which the appointee will undergo a confirmation hearing before being officially appointed.
In addition, over 70 bills, including those related to the commemoration of the May 18 Democratic Uprising and amendments to the National Basic Living Security Act, were processed.
During the plenary session, the Assembly approved over 70 bills agreed upon by both parties. The amendment to the National Assembly Act was passed with 153 votes in favor and 81 against out of 234 members present.
The amendment includes provisions to shorten the review period for fast-track bills from 180 days to 60 days in standing committees, and from 90 days to 30 days in the Legislation and Judiciary Committee. It also eliminates the requirement to wait up to 60 days after a bill is presented to the plenary session, allowing it to be discussed at the next available session.
The bill was initially presented to the Assembly on July 31, where it faced a filibuster from the People Power Party, but it automatically ended with the conclusion of the July extraordinary session. Consequently, it was reintroduced at the first plenary session of the August extraordinary session and voted on.
Additionally, follow-up bills related to the government's September 7 real estate supply measures were passed. Notably, an amendment to the housing law temporarily relaxes the requirement for urban-type housing to fewer than 500 units, and allows for up to 700 units in transit-oriented developments. The public housing special law was also passed to improve environmental and compensation procedures for public housing projects and shorten project timelines.
The special law for the creation of Yongsan Park and amendments to the urban maintenance law, which were expected to be presented at this session, were postponed. Democratic Party floor leader Cheon Jun-ho stated after a meeting with People Power Party floor leader Kim Seung-soo that they would monitor discussions between the Minister of Land and the Mayor of Seoul and aim to process these bills next week.
The plenary session also approved recommendations for three candidates for special inspector. The candidates, Choi Gil-soo, Kang Ji-sik, and Choi Yong-hoon, were nominated by the Democratic Party, the People Power Party, and the Korean Bar Association, respectively.
The special inspector is a vice-ministerial level official responsible for monitoring corruption involving the president's relatives and close aides. President Lee Jae-myung must appoint one of the candidates as special inspector within three days of receiving the nomination from the National Assembly, after which the appointee will undergo a confirmation hearing before being officially appointed.
In addition, over 70 bills, including those related to the commemoration of the May 18 Democratic Uprising and amendments to the National Basic Living Security Act, were processed.
* This article has been translated by AI.
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