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South Korea's ruling and opposition parties have agreed to launch a '2+2' Economic Policy Council, excluding floor leaders, to address key bipartisan economic issues such as the K-Steel Act and corporate breach of trust reforms, following recent political tensions.
South Korea’s Democratic Party is pushing for swift passage of the Online Platform Regulation Act, prioritizing vendor protection and seeking bipartisan agreement amid ongoing trade concerns with the US.
South Korean lawmakers reach historic agreement on National Pension reform, increasing contribution rate to 13% and replacement rate to 43%, marking first major change in 18 years