Discussing legislative tasks such as expanding national fire support and supplying public housing

On the 1st, the Democratic Party of Korea discussed ways to expand state support for firefighting and supply public housing ahead of next year's budget review.

Kim Tae-seon, the party leader's chief of staff, said in a notice that day, "We held a meeting with the party leader, floor leader, and top committee members in attendance and discussed the future budget and major legislative tasks."

Chief Secretary Kim explained, "Regarding budget and financial decentralization, we discussed ways to provide additional local allocation taxes and local education financial grants, and ways to expand national support for firefighting finances. We also shared opinions on ways to supply public housing."

He also said, "As legislative tasks related to the capital market, we discussed the mandatory public purchase system and decided to collect a wide range of opinions within the party in the future."

The mandatory tender offer system is a system in which when management rights of a listed company are transferred, the acquirer makes a public offer of more than a certain percentage of stocks to general shareholders, giving minority shareholders the opportunity to share the management rights premium.

In addition, regarding special labor provisions, such as the 52-hour week exception to the Ultra-Metropolitan Special Zone Act, it was said, "We decided to continue gathering opinions and discussions through social dialogue."

Chief of Staff Kim added, “We also exchanged opinions on the issue of deferring taxation of virtual assets,” adding, “The Democratic Party plans to continue consultations within the party and with the government on the major budget and legislative tasks discussed today.”