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Tensions flare in National Assembly over 2024 budget, bills

The rival parties are expected to engage in an intensified tug-of-war starting Monday, as they failed to come to a consensus on the passage of the 2024 government budget and pending bills. The ruling People Power Party and the main opposition Democratic Party of Korea on Thursday agreed to kick off an extraordinary session on Monday, which will include two plenary meetings scheduled on Dec. 20 and 28, respectively. T. ....

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[Bills in Focus] Windfall tax on banks and urban infra refurbishment

Proposed bill: Partial Amendment to the Act on the Protection of Financial Consumers Proposed by Rep. Kim Sung-joo (Democratic Party of Korea) ● Persisting high prices and interest rates have benefited certain financial companies at the expense of financially vulnerable people and small-business operators. This amendment requires financial companies with a net interest margin exceeding 120 percent of their average n. ....

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PPP to request gov't increase budget to improve working conditions of young scientists

The ruling People Power Party (PPP) has officially requested the government increase budgets in research and development to improve the working conditions of young scientists, a lawmaker said Friday. ....

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PPP to Request Gov't Increase Budget to Improve Working Conditions of Young Scientists

PPP to Request Gov't Increase Budget to Improve Working Conditions of Young Scientists
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Soult Ukpyolsi , South Korea , Lee Jae Myung , National Assembly , People Power Party , Democratic Party , Song Eon Seog , Korea Bizwire ,

Ruling party to request spending boost for research and development

The ruling People Power Party has officially requested the government increase budgets in research and development to improve the working conditions of young scientists, a lawmaker said Friday. The request comes amid criticism of the government's double-digit percentage cut in the R&D budget, originally planned to improve inefficiencies in how the money is being spent. The budget for the sector dropped to ar. ....

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