Rep. Yu Eui-dong of the ruling Saenuri Party from Pyeongtaek-B District in Gyeonggi Province, declared that he will continue to put all he has into expanding the farm infrastructure in the Pyeongtaek area by securing enough budget for the project with the current project to supply adequate water to farm land in the area suffering from not enough rain this year drying up the farm land.
In order to solve the worst situation for the farm area in the region, the project to repair and improve the water reservoirs in the four areas in the region got the approval for implementation.
Rep. Yu announced on June 30 that 730 million won in budget has been secured for the project to repair and improve the four reservoirs in Pyeongtaek, Kojan, Yongin, Yongdang, Yoncheon, Baekhak, Paju and Balrang in the four regions in Gyeonggi Province.
He said 290 million won has been allocated to the Pyeongtaek and Kojan reservoir, 120 million won to the reservoir in the Yongin, and Yongdang and 120million won each to the reservoirs in Paju, Balrang, Yoncheon and Baekhak.
The reservoir in the Pyeongtaek and Kojan area go the largest fund allocated as its capacity hold water has been reduced to the accumulation of earth lowering the depth and the residents in the area submitted the letters to the local administrative authority for removal of those sands, to secure enough water for their farm land, most importantly for their rice paddies.
The allocation of 730 million won to those areas brought total funds allocated for the Gyeonggi Province to repair and improve the reservoirs in the province to 35.2 billion won.
Rep. Yu said when the project is completed, it will help resolve the problems for farm land in the province, especially, the farm households in Pyeongtaek area and he will do what he can to expand the farm basic facilities in the area by securing enough funds for the project.
Rep. Yu, in the meantime, initiated the move to legislate the Exclusive Van for Small Commercial People Law to reform the current Van market which has been a serious problem for the small commercial people so bad that they avoided using credit cards to pay for something afraid of excessive fees charged for member stores.
Van companies have been known to have caused disorder in the Van market charging too much fees on credit cards they accepted for payment of goods and services, while paying rebates to large member firms and at the same time, helping the credit card companies in their operations including the sales of their cards and securing new member stores.
In summary, small member stores have been paying excessive fees and the need for the correction of the problem have been raised on many occasions by setting up the exclusive Van for small member stores.
Rep. Yu, a member of the Political Committee of the National Assembly, called for reform of the Credit Professional Financial Law to allow the nomination of the optional service carriers by the Finance Committee.
When this law is legislated, some 608.6 billion won in funds to pay rebates to large member firms would be saved annually with the fee for member stores cut by 0.3 percent.
Yu believed that the Van market reform is needed to reduce the rebates paid to the large member firms, and outflow of the information on small business people. The excessive fees paid by small business stores should be reduced through the legislation of the law to allow the exclusive Van market for small commercial people and at the same time protect the rights of small commercial store members. Rep. Yu said he will do his best to reform the current Van market to protect the small commercial people as outlined above.
By Chung Sook Oh.
