Criticism of Lee Jae-myung Faction's Real Estate Responsibility Met with "
"Local Governments Can Do Much"" Response

Reveals Presidential Ambitions at Gwanghwamun Forum Including National Skills Development Subsidy System

Former Prime Minister Chung Sye-kyun is attending the 'Gwanghwamun Forum' held at a hotel in Yeouido, Seoul on the 11th, delivering the keynote speech. Photo by Dongju Yoon doso7@

Former Prime Minister Chung Sye-kyun is attending the 'Gwanghwamun Forum' held at a hotel in Yeouido, Seoul on the 11th, delivering the keynote speech. Photo by Dongju Yoon doso7@

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[Asia Economy Reporter Jeon Jinyoung] On the 11th, former Prime Minister and leading presidential candidate Jeong Se-gyun attended the Jeong Se-gyun faction’s Democratic Party of Korea lawmakers’ meeting, the ‘Gwanghwamun Forum,’ and revealed his presidential plans. He also focused on countering his intra-party primary rival, Gyeonggi Province Governor Lee Jae-myung.


During the keynote speech at the ‘Gwanghwamun Forum’ held at the Glad Hotel in Yeouido, Seoul, Jeong proposed the introduction of a ‘National Capability Development Support Fund’ system to enable people to develop job skills suited to their aptitude without financial difficulties. He suggested, “How about providing 20 million KRW per person over their lifetime, with a maximum of 5 million KRW annually?” He explained, “If we completely reform the adult lifelong education and vocational training system to ensure the budget is not wasted, it can ease the burden on citizens seeking new workplaces.” Jeong also outlined his presidential plans by proposing the establishment of an ‘Intellectual Property Office’ to protect startups’ intellectual property rights and a ‘Future Seed Account System’ where the state supports 100 million KRW in a 20-year installment plan when a child is born.


He took a jab at Governor Lee. After the speech, Jeong told reporters, “There must have been many things that could have been done at the local government level.” This was in response to criticisms from Jeong Seong-ho and other Lee Jae-myung faction lawmakers blaming former Democratic Party leader Lee Nak-yeon and Jeong for failures in real estate policy.



Regarding the intra-party calls for postponing the primary, he urged the party leadership to decide, saying, “It would be best for the party leadership to make a plan through their own careful consideration, verification, and discussion.” When asked about his low approval ratings, he said, “It’s more important who reaches the goal first than who started first,” adding, “I am confident that if I do my best, the people will recognize it.”


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

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