Joo Ho-young: "Lee Seung-man Laid the Foundation for Market Economy and Liberal Democracy"

Joo Ho-young, floor leader of the United Future Party, is attending the 55th anniversary memorial service for former President Syngman Rhee held at Ihwa Hall in Jongno-gu, Seoul on the 19th. Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Lee Ji-eun] Joo Ho-young, floor leader of the United Future Party, stated that former President Syngman Rhee "laid the foundation for a market economy and liberal democracy in the Republic of Korea," and expressed a sense of self-reproach about whether descendants are properly upholding the ideology of the Republic of Korea established by the former president.

On the 19th, Joo attended the 55th memorial service for the late president held at Ewha Hall in Jongno-gu, and in his eulogy said, "Having a leader capable of accomplishing diverse and significant tasks during a civilizational turning point was a great blessing and pride for us."

After listing the achievements of the former president, including patriotic independence movements during the late Korean Empire period, he said, "The most precious achievement was laying the foundation for a market economy and liberal democracy in the Republic of Korea," adding, "I feel a sense of self-reproach about whether juniors and descendants are properly maintaining the ideology and direction established by this leader, and I feel ashamed and apologetic for not doing so."

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