The Democratic Party of Korea said it would not place dwelling supply-related bills on the agenda for the National Assembly's plenary session on the 3rd. It said it will handle them while watching the negotiations between the Seoul city government and the Ministry of Land, Infrastructure and Transport, as practical measures are needed.
Jeon Eun-su, a Democratic Party floor spokesperson, met with reporters after the policy coordination meeting the same day and said, "We will watch the negotiations, as the Urban and Residential Environment Improvement Act, the Urban Renewal Acceleration Act, and the Yongsan Park Special Act are still under negotiation between the Minister of the Ministry of Land, Infrastructure and Transport (MOLIT) and the Seoul mayor," adding, "It does not seem likely to go up today."
The National Assembly will hold its first plenary session in the afternoon after the opening ceremony of the regular session the same day. About 17 bills, including the Itaewon disaster special act, are expected to be handled at the plenary session, but it said real estate-related bills will not be included in this list.
Meanwhile, regarding a report that the Democratic Party delivered to the government a supplementary plan at the level of the dwelling market stabilization task force (TF) to raise the basic deduction for the comprehensive real estate tax for non-resident single-dwelling owners to 1.4 billion won and to delay the abolition of the long-term holding special deduction, it said, "That is not true."
Kwon Chil-seung, the Democratic Party's policy committee chair, said in opening remarks at the policy coordination meeting, "The Democratic Party's dwelling market stabilization TF has never delivered any supplementary plan related to real estate taxation to the government side," adding, "Please be mindful of the reporting."