[Exclusive] Ryu Seong-geol of the People Power Party Nominated as Chair of the National Assembly's Livelihood Special Committee

Reelected Kim Jeongjae Appointed as Whip for People Power Party

Ryu Seong-geol, member of the People Power Party./Photo by Yoon Dong-ju doso7@

[Asia Economy Reporter Kwon Hyun-ji] Ryu Seong-geol, a two-term member of the People Power Party, has been nominated as the chairman of the National Assembly's Special Committee on Livelihood Economy Stabilization (MinSaeng Special Committee). Kim Jeong-jae, also from the People Power Party, will serve as the ruling party's secretary.

According to political circles on the 20th, Representative Ryu will take the position of chairman of the National Assembly's MinSaeng Special Committee. He currently also serves as the chairman of the People Power Party's Special Committee on Price and Livelihood Stabilization.

Kim Jeong-jae of the People Power Party has been nominated as the ruling party's secretary for the special committee.

The National Assembly held a plenary session on the same day to process the formation of the "Special Committee on Livelihood Economy Stabilization." The committee will be composed of 13 members: 6 from the Democratic Party of Korea, 6 from the People Power Party, and 1 from a non-negotiating group, with the chairmanship agreed to be held by the People Power Party.

The special committee plans to address livelihood issues such as the delivery price linkage system, additional reduction of fuel tax, real estate system improvements, expansion of the non-taxable limit for employee meal allowances, and the safe freight system. The committee's term will last until October 31.

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