The Democratic Party of Korea stated that after finalizing its position by the 5th on the government organization law amendment aimed at dismantling the prosecution, it would propose the amendment following consultations with the government. This marks the visibility of a significant government reorganization effort approximately three months after the inauguration of Lee Jae-myung's government. On the 4th, the party confirmed the specific details through a general meeting of lawmakers and a legislative public hearing in the National Assembly, and stated it could additionally reflect other government agency reorganization plans after the proposal.

Jeong Cheong-rae, representative of the Democratic Party of Korea (in the center), speaks at the supreme committee meeting held at the National Assembly in Yeouido, Seoul, on the 1st. /Courtesy of News1

Park Soo-hyun, the party's spokesperson, met with reporters after a high-level strategy meeting held at the National Assembly on the afternoon of the 1st, noting, "The government organization law amendment aims to be proposed by September 5," and added, "We plan to finalize our position and opinions by the 5th, and then finalize the party-government positions in the high-level party-government council on September 7 before the proposal."

The Democratic Party of Korea plans to gather internal opinions on the plan to dismantle the prosecution through a policy general meeting on the 4th and a legislative public hearing of the Legislation and Judiciary Committee on the 5th. Park, the spokesperson, stated, "We will narrow down any disagreements through the general meeting of lawmakers and the legislative public hearing."

The amendment is expected to center on the abolition of the prosecution. According to discussions within the National Assembly's National Sovereignty Prosecution Normalization Special Committee, there are strong proposals to delete provisions related to the prosecution and instead establish a Public Prosecution Agency and a Major Crimes Investigation Agency.

However, Park, the spokesperson, refrained from commenting on the details. He stated, "Whether to place the Major Crimes Investigation Agency under the Ministry of the Interior and Safety has been decided to be kept quiet," and added, "The special committee's proposal is just one option and anything could arise during the general meeting of lawmakers."

The amendment will also include a reorganization plan for the Financial Supervisory Service. There are discussions to separate the Ministry of Economy and Finance into the Ministry of Finance and Budget, and to integrate the domestic financial functions of the Financial Supervisory Service with the Ministry of Economy and Finance. Additionally, there are plans to separate the Financial Consumer Protection Agency from the Financial Supervisory Service and elevate it to an independent agency, the Financial Consumer Protection Agency.

The Democratic Party of Korea emphasized that adjustments and revisions are possible during the National Assembly's deliberation process even after the proposal of the amendment. Park, the spokesperson, stated regarding the reorganization plans of the Financial Supervisory Service or the prosecution, "We cannot know yet. We will do what we can," while also stating, "We aim to propose by the 5th, and revisions are possible during the deliberation process."

Regarding concerns that discussions on the dismantling of the prosecution are somewhat rushed, he countered, "We have already discussed this for a significant amount of time, and now we are nearly at the final stage." He also added, "There needs to be an explanatory meeting after the proposal. I will raise this suggestion."

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