Oh Shin-hwan "Lee Nak-yeon’s 'Sudden Profit-Sharing Scheme'... First, Enact Compensation Law for Affected Industries"

[Image source=Yonhap News]

[Asia Economy Reporter Lee Ji-eun] Oh Shin-hwan, former People Power Party lawmaker who declared his candidacy for Seoul mayor, criticized the 'profit-sharing system' being discussed mainly by the ruling party, calling it a "random profit-sharing system."

On the 13th, Oh said on Facebook, "It is a trick and delusion that clearly lacks practicality and will only cause disputes before fizzling out."

He pointed out, "As concerns about the K-polarization that will surge after the COVID-19 crisis grow louder, it seems they are desperate to do something, but K-polarization is not something that can be overcome by tricks and delusions," adding, "If they want to copy the European example, they should copy it properly."

Oh questioned, "Are the Democratic Party planning to collect money from companies like the Jeon Du-hwan Ilhae Foundation and sell it again as nationwide disaster relief funds?" and said, "If they truly want to overcome K-polarization, they should come to their senses now and start by making laws."

He stated, "The first step is to clearly define the pandemic as a social disaster and legally clarify the government's compensation responsibility for self-employed and small business owners affected by the government's assembly bans and restrictions," adding, "If the current fiscal scale cannot manage the situation, the government should fully inform the public of the circumstances and secure resources through a temporary 'tax increase' on companies and high-income earners who gained excess profits during the COVID-19 pandemic period. This is the honest approach."

This content was produced with the assistance of AI translation services.