More than 100 bills including three real estate-related acts will be processed at the National Assembly on Monday as the parties attempt to make up for time lost in the regular session that ended early this month.

The three bills on real estate will ease regulations in an attempt to boost the sluggish market.

In addition, the ruling Saenuri Party and the main opposition New Politics Alliance for Democracy are set to approve the 10 individuals nominated to the special committee investigating the Sewol ferry disaster. The committee will consist of 17 individuals, 10 of whom will be named by the two main parties.

The parties also plan to process the motions to launch a parliamentary investigation into the Lee Myung-bak administration’s “resource diplomacy” and to form a special committee on reforming the public sector pension system.

Although the special committee and the investigation will finally begin, the operations of the two are expected to be fraught with tension.

In investigating resource diplomacy-related issues, the NPAD is honing in on developments that took place in the Lee Myung-bak administration while the Saenuri Party wants to look at related developments in all previous administrations. The investigation has yet to start, but the two parties are already tussling over whether to bring Finance Minister Choi Kyung-hwan to the witness stand. Choi, a three-term Saenuri Party lawmaker, oversaw related projects in the Lee Myung-bak administration as the chief of the now-defunct Ministry of Knowledge Economy.

Meanwhile, the project to reform the public sector pension system has incited strong resistance from the main opposition from the beginning, while the ruling party and the government had initially pushed to complete it by the end of the year.

While Monday’s session will see a large number of outstanding bills being processed, tough negotiations are expected over a number of contested bills in the remainder of the extraordinary session.

The controversial bills include those regarding the service and medical industries, which the Saenuri Party touts as key economic and “people’s livelihood” bills. In addition, the parties are likely to clash over the North Korean human rights act, with the NPAD calling for caution and the ruling party demanding swift approval.

By Choi He-suk (cheesuk@heraldcorp.com)