President Lee Jae Myung will host a luncheon on Thursday with leaders of the ruling Democratic Party and main opposition People Power Party at Cheong Wa Dae to discuss bipartisan cooperation on the economy and other pending issues. Presidential chief of staff Kang Hoon-sik said the meeting aims to improve people's livelihoods and ensure stable governance. Possible topics include ongoing trade negotiations with the United States and a special investment bill.
President Lee Jae Myung is scheduled to host a luncheon at Cheong Wa Dae on Thursday with Democratic Party leader Jung Chung-rae and People Power Party leader Jang Dong-hyeok. The meeting seeks bipartisan cooperation on the economy and other pending issues. Presidential chief of staff Kang Hoon-sik told reporters, "The luncheon was arranged to discuss ways to improve people's livelihoods and ensure stable governance." He added, "They are expected to exchange candid views on a broad range of state affairs without limiting the agenda."
Possible agenda items include ongoing trade negotiations with the United States. Seoul faces pressure to pass a special investment bill linked to a bilateral trade agreement with Washington, following U.S. President Donald Trump's threat last month to raise reciprocal tariffs and duties on autos, lumber, and pharmaceuticals from 15 percent to 25 percent on South Korea.
On Monday, the National Assembly formed a special committee to handle legislation implementing South Korea's $350 billion investment pledge to the U.S. During Tuesday's Cabinet meeting, President Lee urged the National Assembly to expedite legislative procedures, stating that delays in key bills could hinder responses to a rapidly changing global order. He particularly emphasized the need for bipartisan cooperation on foreign affairs, including support for U.S. trade negotiations while the special investment bill remains pending in parliament.
This gathering underscores the push for collaboration amid U.S. tariff risks and the importance of stable governance.
