South Korean National Assembly begins 100-day regular session

The South Korean National Assembly has commenced its 100-day regular session, a period tasked with determining the nation's legislative agenda and the 2027 budget, which is projected to reach approximately 800 trillion won.

While both the ruling and opposition parties have expressed a commitment to prioritizing livelihood-related legislation, significant friction is expected. The Democratic Party of Korea has pledged to focus on housing supply, support for small business owners facing high inflation, and judicial and electoral reforms. Conversely, the People Power Party aims to address 133 key legislative tasks and has called for bipartisan cooperation on common livelihood issues to avoid political deadlock.

Key upcoming milestones include plenary sessions scheduled for early September and a three-week period of parliamentary audits starting October 6. Tensions remain high regarding real estate policies, judicial reform, and the upcoming budget deliberation process.