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Legislation & Government Relations Consulting Center 2024-06-25
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P&B Report – June 2024 Issue

DR & AJU Legislation & Government Relations Consulting Center's latest issue of its specialized legislative journal, the Policy & Business Report, is now available in digital format.

The People Power Party Has Accepted Seven Standing Committees, Completing the Formation of the 22nd National Assembly.



On June 24th, the ruling People Power Party (PPP) agreed to chair seven of the 18 standing committees, as proposed for the party.  

This decision was likely driven by the limitations of being a minority ruling party and the responsibility placed on the ruling party regarding the National Assembly’s operation.

Accordingly, the election of seven standing committee chairs for the first half of the 22nd National Assembly, including the Foreign Affairs and Unification Committee, the National Policy Committee, the Strategy and Finance Committee, the Intelligence Committee, the National Defense Committee, the Trade, Industry, Energy, SMEs, and Startups Committee, and the Gender Equality and Family Committee, will take place during the plenary session scheduled for this week. 

On June 10th, the Democratic Party of Korea (DPK) held a plenary session and selected eleven standing committee chairs, including the Legislation and Judiciary Committee, the House Steering Committee, the Special Committee on Budget and Accounts, the Public Administration and Security Committee, the Science, ICT, Broadcasting, and Communications Committee, the Education Committee, the Culture, Sports and Tourism Committee, the Agriculture, Food, Rural Affairs, Oceans and Fisheries Committee, the Health and Welfare Committee, the Environment and Labor Committee, and the Land Infrastructure and Transport Committee. 

Therefore, the composition for the first two years of the 22nd National Assembly comes to a final step 25 days after its opening and 17 days past the legal deadline of June 7. 

As the first-ever Korean law firm to issue specialized legislative journals, DR & AJU LLC has been publishing the monthly Policy & Business Report since August 2019. The June 2024 issue of the P&B Report conducted a full inspection of legislation proposed to the National Assembly Subcommittee, Standing Committee, and Plenary Session from the opening of the 22nd National Assembly on May 30, 2024, to June 14, 2024, and selected and analyzed legislation with a significant impact on corporate activities. In the case of major legislation, key mentions of legislators, members of the Standing Committee, and government officials are included.




*DR & AJU Legislation & Government Relations Consulting Center provides P&B Report subscription service. Please contact us at Ic@draju.com for further inquiries.