Ruling Party Races Ahead on Real Estate and Mega Legislation... Opposition Seeks to Block Ruling Party and Legislative Overreach

On the other hand, the People Power Party plans to block the Democratic Party's legislative unilateralism through a struggle against the ruling party. ■ Ruling Party Puts All-Out Effort into Supporting Lee Administration's Legislation The Democratic Party held a workshop for lawmakers on the 27th at the Inspire Hotel in Yeongjong-gu, Incheon. The event was held to establish operational plans and strategies, as well as legislative tasks for the regular session. Ministers from various ministries, including Prime Minister Han Sung-sook, attended and discussed legislative strategies with Democratic Party lawmakers.
The Democratic Party has decided to devote all its efforts to legislative support for the success of the Lee Jae-myung administration. This is because they view the 100-day regular session as a "golden time" that will determine the success or failure of the Lee Jae-myung government. In particular, they plan to establish a system to achieve organic cooperation between the party, government, and Blue House by regularizing high-level and working-level party-government consultative meetings. They presented the following as the top legislative tasks for this regular session: real estate supply bills, the Special Act on Mega Special Zones, the establishment of a Future Response Fund, youth support legislation, and police reform.
All of these are tasks aimed at supporting the government's real estate supply measures and the three major mega-projects. The importance of reviewing the 2027 budget to be submitted by the government was also emphasized. Floor Leader Han Byung-do stated, "We will secure a substantial budget to alleviate the hardships of the people's livelihoods and ensure that investments necessary for youth employment and housing, the recovery of small business owners and the self-employed, regional growth, and the nurturing of future industries are made in a timely manner.
" He further emphasized, "We will pass the budget bill supporting the recovery of people's livelihoods and future growth without any setbacks within the statutory deadline. " The party intends to go so far as to wage a "legislative war" with the People Power Party to push these bills forward. It announced that any bills opposed by the People Power Party will be placed on the fast-track agenda for processing.
Floor Leader Han emphasized, "We will fully mobilize all standing committees to finalize legislation with speed," adding, "We will not tolerate the People Power Party's obstruction of state affairs in the slightest. " ■ Opposition Party Forecasts Active Performance in Parliamentary Audits The People Power Party also held a workshop at the Sonoclam Hotel in Goyang, Gyeonggi Province, on the same day. Claiming that the Lee Jae-myung administration is destroying democracy and the rule of law, they stressed the need to focus their efforts on fighting the ruling party as a clear-cut opposition.
They pointed out that the government is implementing misguided policies across a wide range of areas, including real estate, stocks, prices, education, the 'Yellow Envelope Law' (amended labor union law), Korea-U. S. relations, and prosecution reform.
Party Leader Jang Dong-hyuk even stated, "The public is worried and angry, wondering if we can leave things in this state for another four years. " As a minority opposition party, there are limitations to proactively leading policy legislation, so they are expected to focus on keeping the government and the ruling party in check. In particular, they solidified their determination to play an active role in the parliamentary audit, which is considered "the opposition's time.
" Floor Leader Jeong Jeom-sik emphasized, "As the opposition party, we must point out exactly what is wrong with the government and ruling party's policies in each standing committee and present alternatives. " He added, "We must thoroughly uncover the truth through the parliamentary audit regarding the hasty introduction of single-stock leverage ETFs and the controversy over mobilizing the National Pension Service to boost stock prices. " In particular, they plan to intensify their offensive against real estate policies, which are assessed to be contributing to the decline in approval ratings for President Lee and the ruling party.
They also intend to prepare policy alternatives. Policy Committee Chair Lim I-ja explained that the slogan for this regular session is "100-Day All-Out Campaign to Revitalize the People's Livelihood Parliament. " He stated, "I will push forward with over 130 key legislative tasks across seven major areas to counter the government's mismanagement," adding, "I will fill this with alternative legislation to correct flawed policies, covering housing stability, economic growth, protection of citizens' property and the vulnerable, public safety and balanced regional development, and the future of youth.
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