"We should go and plead if we have to"... Lee criticizes delays in revising inheritance and capital markets laws

According to The Financial News, President Lee Jae Myung on the 17th rebuked the National Assembly of the Republic of Korea for delays in revising the Inheritance Tax and Gift Tax Act and the Financial Investment Services and Capital Markets Act, asking, "Are we completely paralyzed just because the opposition parties hold the committee chairmanships?"
During the 10th meeting of the State Council of South Korea held that day at Government Complex Sejong, Lee remarked, "This is a real problem... When the future of the country is at stake, how can things be handled like this," voicing his criticism.
He went on, "If the ruling party holds a majority of seats, it should at least hold debates and put matters to a vote. How is it acceptable to do nothing at all?" He then asked, "If the committee chair is from the opposition parties, does that mean we can do absolutely nothing? All the ministers are silent. Do you think this is normal?"
Lee continued, "This is such a critical moment. We may not be able to control everything, but this situation seems deeply unfair." He added, "The basic principle of democracy is to respect the minority while ultimately deciding by the will of the majority, in line with the authority entrusted by the people. Is that not the principle of the Constitution of the Republic of Korea?"
On the issue of how Standing Committee seats are allocated, he said, "Strictly speaking, this may not be our direct responsibility, but even bills on the Financial Investment Services and Capital Markets Act, finance, and fair trade are making no progress in the National Policy Committee. It seems they are not being handled at all." He added, "Given how serious the situation is, we should move quickly on revising the Financial Investment Services and Capital Markets Act and on finance-related issues, even if it means going and pleading with them."
He further stressed, "You should at least go to the National Assembly of the Republic of Korea and implore them to convene meetings," adding, "It may end up having no effect, but we still have to try."
west@fnnews.com Seong Seok-woo Reporter