Hwang Kyo-ahn Strongly Criticizes Government's Income-Led Growth Policy as Nonsense

"Four Years of Moon Administration: South Korea Crumbles Miserably" ... Criticism of Economic Policies

[Asia Economy Yeongnam Reporting Headquarters, Reporter Ju Cheol-in] Hwang Kyo-ahn, former leader of the United Future Party (predecessor of the People Power Party), who declared his candidacy for the presidential election, visited Busan and strongly criticized the current government's income-led growth theory as a "nonsense policy." He pointed out that regulations are tightening, stifling corporate investment sentiment.

At the 'Busan Gyeongnam Free Democratic Forum' held at Tower Hill Hotel in Busan on the 10th, former leader Hwang said, "Over the past four years, South Korea has been disastrously collapsing due to the Moon Jae-in administration," and added, "While claiming to protect the vulnerable, people's livelihoods and the economy have worsened, the wealthy have become wealthier, and the poor have become poorer."

He continued, "We must revive the growth that has collapsed under this government," and asserted, "We must build a top-tier, world-class normal state beyond a normal state."

He further stated, "We aim for a free and prosperous country. We will restore the market economy and reinstate liberal democracy," and declared, "I will be a politician who protects the lives of the people, not one who deceives them."

Regarding the promotion of upgrading Gadeok New Airport to a gateway airport, he said, "The will of the people is more important than the will of politicians for the Southeast region's new airport."

Former leader Hwang explained, "Gadeok New Airport has been a long-standing issue. In 2016, five local governments agreed to entrust the feasibility study of the Yeongnam region's new airport to Paris Airport Engineering (ADPi) and to follow the study results."

He added, "At that time, the Gimhae New Airport plan received the highest score and was tentatively concluded as the Gimhae Airport expansion plan, but recently, Gadeok New Airport has emerged as a new issue."

He also said, "It should not be pursued for political reasons, and we must consider what kind of airport the people truly want," avoiding direct remarks on the pros and cons of Gadeok New Airport.

Regarding real estate issues, he cited excessive regulation by the current government as the cause and responded, "Regulations must be boldly eased, and housing supply increased."

On the issue of youth employment, former leader Hwang said, "If regulations on companies are lifted, many youth jobs will be created," emphasizing, "If the conservative government is replaced, the suffering of young people will be sufficiently resolved within two years."

He also stated, "Since the Moon Jae-in administration, the minimum wage has risen sharply, causing considerable burden on companies," and said, "It is reasonable to raise the minimum wage steadily in line with the increase in corporate profit margins."

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