Democratic Party vs. People Power: Key Players in the New Investment Law Committee Revealed

The Democratic Party announced on the 10th that it has appointed eight members to a special committee tasked with handling the U.S. Investment Special Law.

The committee is primarily composed of members from the National Assembly’s Finance and Economy Planning Committee.

Notable appointees include Representative Jeong Tae-ho, the ruling party’s secretary for the Finance Committee, along with Representatives Jin Sung-jun, Jeong Il-young, and Ahn Do-geol.

The special committee will also include Representatives Heo Young and Kim Hyun-jung from the Political Affairs Committee, as well as Representatives Jeong Jin-wook and Park Ji-hye from the Industry, Trade, and Energy Small and Medium Enterprises Committee.

The Democratic Party stated that the ruling party’s secretary for the special committee has yet to be determined.

On the 9th, the People Power Party named seven members to the committee. Four-term lawmaker Kim Sang-hoon from the National Assembly’s Political Affairs Committee will chair the special committee, while Representative Park Soo-young, the opposition secretary for the Finance and Economy Planning Committee, will serve as secretary.

The opposition’s committee members include Representatives Kang Min-guk, Kang Seung-kyu, Kang Myung-gu, Park Sang-ung, and Park Seong-hoon.

Earlier, both parties agreed to form a special committee comprising 16 members: eight from the Democratic Party, seven from the People Power Party, and one from a non-affiliated negotiating group. They also agreed that the committee chair would be a member of the People Power Party.

The special committee is set to operate until the 9th of next month, with both parties aiming to finalize the special law by early next month.