Ruling Party and Government Accelerate Legislative Process for September 7 Housing Measures—'To Be Handled as Fast-Track Bills'

(Seoul=Yonhap Infomax) Da Ye On – South Korea's ruling Democratic Party and the government have pledged to expedite legislative discussions to ensure the swift implementation of the September 7 real estate measures.

Maeng Sung Kyu, Chairman of the National Assembly's Land, Infrastructure and Transport Committee and a member of the Democratic Party, stated at a policy coordination meeting with the Ministry of Land, Infrastructure and Transport at the National Assembly on the 20th, "We will promptly advance related bills to ensure the successful execution of the September 7 measures, which aim to commence construction of 1.35 million new homes in Seoul and the greater metropolitan area by 2030."

He added, "Based on today's discussions, any bills that can be proposed and processed within this year will be handled as fast-track legislation."

Maeng emphasized, "Key issues handled by the Land Committee have a direct impact on people's lives. The party and government will continue to communicate closely to ensure that the policies of the Lee Jae-myung administration reflect public sentiment."

Minister of Land, Infrastructure and Transport Kim Yoon Deok said, "Now is the time to accelerate the legislative process. There are clearly tasks that the ruling party and government must address together." He continued, "It is crucial to safeguard public safety, support the real economy, and ensure that the promised housing supply proceeds without disruption."

Minister Kim stressed, "Legislation for the September 7 housing supply plan is extremely urgent. The government has already stated its commitment to mobilize all available resources so that the supply effect can be felt as soon as possible. The necessary legal framework must be established swiftly."

Bok Ki Wang, the ruling party secretary of the Land Committee, commented on the follow-up legislation for the September 7 measures, saying, "It is not necessary for ruling party lawmakers to be the main sponsors. I hope we can move toward joint sponsorship by both ruling and opposition parties."

He added, "I sense that opposition lawmakers are hesitant to align with the ruling party. If so, I am open to having opposition lawmakers take the lead in sponsoring the bills."

At the policy meeting, in addition to follow-up legislation for the September 7 measures, the agenda included the enactment of laws to enhance safety for personal mobility devices (PM), such as electric scooters, and plans to temporarily legalize small-scale illegal residential buildings through amendments to the Specific Buildings Act and the Building Act.

d​yon@yna.co.kr

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