|Floor leaders of the three major parties -- Democratic Party, Liberty Korea Party and Bareunmirae Party -- announce their agreement to hold a plenary parliamentary session this week to vote on an extra budget bill at the National Assembly in Seoul on Monday. (Yonhap)|
The meeting will be held Thursday under the deal reached by the floor leaders of the ruling Democratic Party and two major opposition parties. It would be the first full floor session since early April.
An extraordinary session was held in June following months-long partisan tensions, but it ended on July 19 without passing any bills, including a 6.7 trillion-won ($5.7 billion) extra budget bill.
A July extra session was opened Monday after the main opposition Liberty Korea Party and the minor opposition Bareunmirae Party jointly submitted a request for the opening on Friday.
The parties demanded an extra session to focus on the grave security situation caused by North Korea’s latest missile test and an intrusion by Chinese and Russian military jets into Korea Air Defense Identification Zone without prior notice.
The two parties backed down on their preconditions to put the National Assembly back on track.
Previously, they demanded a parliamentary probe into the undetected arrival of a North Korean boat in South Korea in June and a vote on a motion proposing President Moon Jae-in dismiss the defense minister over the maritime security failure.
The ruling party had rejected the two parties’ demands, but it said Friday it may consider their new proposal positively if they agree to review the passage of the supplementary budget bill.
The extra budget bill, which has been pending since April, centers on fiscal spending to boost the slowing economy and cope with fine dust air pollution.
The government is hoping the extra budget could be increased by more than 120 billion won to help local firms tackle Japan’s export restrictions.
Japan’s export curbs prompted rival parties to display rare bipartisan actions.
Last week, the parliamentary Foreign Affairs Committee adopted a resolution calling on Japan to immediately withdraw its curbs on exports to South Korea of key hi-tech materials. (Yonhap)