The Democratic Party of Korea announced 10 major legislative tasks to restore the livelihood economy. This includes the Local Currency Act, a key bill championed by Representative Lee Jae-myung.
The Democratic Party's Livelihood Economy Recovery Team held a press conference at the National Assembly Main Building on the morning of the 20th to announce the '2nd Livelihood Legislative Tasks.'
Specifically, the tasks include △ Partial amendment bill on the Act on the Promotion of Local Love Gift Certificates △ Partial amendment bill on the Act on the Prohibition of Discrimination against Persons with Disabilities △ Bill to support family care for children, adolescents, and youth △ Partial amendment bill on the Act on Support for Senior Citizens' Jobs and Social Activities △ Four laws to prevent middleman exploitation (Partial amendment bills on the Labor Standards Act, the Act on the Protection of Dispatched Workers, the Act on Protection of Workers in Business Transfers, and the Partial amendment bill on the Act on Employment Improvement of Construction Workers) △ Partial amendment bill on the Act on Maintenance and Support of Aged Planned Cities △ Partial amendment bill on the Housing and Urban Fund Act △ Partial amendment bill on the Basic Housing Act △ Partial amendment bill on the Act on the Promotion of Films and Videos △ Partial amendment bill on the Act on Distribution and Price Stabilization of Agricultural and Fishery Products.
The Democratic Party regards the Local Currency Act, which Representative Lee is focusing on, as the top priority bill. The Local Currency Act aims to mandate financial support necessary for the operation of local love gift certificates.
Heo Young, head of the Economic Recovery Team, said, "Local currency is a special measure to prevent outflow outside the region, increase domestic demand, and protect small businesses and traditional market merchants," adding, "It is the best policy to alleviate local extinction and promote balanced regional development."
The Recovery Team also called for the enactment of a supplementary budget. Heo said, "Considering various economic indicators at the last meeting, we urged the government to implement a phased supplementary budget starting with a base of 20 trillion won," adding, "Since all economic actors, including the Bank of Korea, are demanding this, we believe the government is now facing a situation where it can no longer delay this matter."
He continued, "Soon, as decisions from the courts and the Constitutional Court regarding the internal conflict situation will be made one after another amid economic uncertainty, we expect the government to respond urgently by reducing economic uncertainty further through the supplementary budget."
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