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Nat’l Assembly Passes Record 607.7 tln-won Gov’t Budget for 2022

Nat’l Assembly Passes Record 607.7 tln-won Gov’t Budget for 2022

SEOUL, Dec. 4 (Korea Bizwire) — The National Assembly passed the 2022 government budget Friday, a record high amount of 607.7 trillion won (US$516.3 billion) to cope with the economic fallout of the COVID-19 pandemic and other expenses. The bill’s passage came a day after the legal deadline, as last-minute negotiations between the ruling Democratic [...]

Parliamentary Subcommittee Passes Bill on Building National Assembly Branch in Sejong

Parliamentary Subcommittee Passes Bill on Building National Assembly Branch in Sejong

SEOUL, Aug. 24 (Korea Bizwire) — A subcommittee of the National Assembly House Steering Committee on Tuesday passed a bill aimed at building a branch of parliament in the central city of Sejong, a key national project to promote balanced development across the country. Both ruling and opposition party members of the panel endorsed the [...]

National Assembly Passes Bill on Allowing Recognized Pop Stars to Defer Enlistment

National Assembly Passes Bill on Allowing Recognized Pop Stars to Defer Enlistment

SEOUL, Dec. 1 (Korea Bizwire) — The National Assembly passed a bill Tuesday that would allow globally recognized male pop culture artists to postpone their mandatory military duties. The assembly’s plenary session gave the nod to the bill on revising the Military Service Act to grant an exceptional right to defer national defense duties to [...]

National Assembly Members Scramble to Raise Funds

National Assembly Members Scramble to Raise Funds

SEOUL, Nov. 3 (Korea Bizwire) — Representatives at the National Assembly are scrambling to collect donations to prepare for next year’s activities. This year, district representatives can collect up to 300 million won (US$265,500) while proportional representatives can collect up to 150 million won. Members of the ruling Democratic Party are speeding up efforts to [...]

No Consensus on Legislation Banning Deadbeat Parents from Inheriting Their Children’s Property

No Consensus on Legislation Banning Deadbeat Parents from Inheriting Their Children’s Property

SEOUL, Oct. 30 (Korea Bizwire) — Shameless parents who claim the wealth of late children they abandoned are angering the public. Such cases have been brought to light repeatedly but the National Assembly remains prudent when it comes to the revision of related laws. A total of five legislative bills designed to block such shameless [...]