Yoo Seung-min: "Yoon Seok-yeol's Support Is a Bubble That Will Burst... A Detail-Oriented President Solves Era's Problems"

"Strong guidance needed on details"
"Minimum wage should align with economic growth rate"

[Asia Economy Reporter Naju-seok] Yoo Seung-min, a former lawmaker and presidential candidate of the People Power Party, emphasized the need for a future president who is strong in "detail" on the 12th.

Former lawmaker and People Power Party presidential candidate Yoo Seung-min is holding talk concerts with students from the College of Social Sciences at Seoul National University on the 12th. [Image source=Yonhap News]

On the same day, Yoo spoke at a talk concert with students from the College of Social Sciences at Seoul National University, stating, "Politics ultimately boils down to what kind of country and world we want to create for the Republic of Korea," and added, "I believe the most important thing is policy."

He cited President Moon Jae-in as an example, saying, "If the next president does not know well where the country should head and what good policies are needed, but just appoints good people, it will result in 100% failure." Yoo said, "President Moon was a lawyer and a first-term lawmaker who knew nothing about policy, yet he pushed forward policies like income-led growth and nuclear phase-out just by listening to those around him, which made the country very difficult." He continued, "In the past, President Park Chung-hee was so strong in detail that when constructing the Gyeongbu Expressway, he was involved even in the design to some extent. A leader strong in detail can solve the pressing issues of our time such as sluggish growth, lack of jobs, housing problems, polarization, and population issues."

Yoo predicted that policy capabilities will change the dynamics of the upcoming presidential election.

He said, "Former Prosecutor General Yoon Seok-youl has high approval ratings, but I think it is a bubble and will burst," adding, "As the presidential election approaches, it is more important not to judge President Moon and this administration, but to focus on what kind of country we will make Korea in the next five years. If the public pays attention to this, I believe they will look at Yoo Seung-min again."

Meanwhile, regarding his pledge of a 10,000 won minimum wage in the last presidential election, Yoo said, "In early 2018, I admitted at a meeting with small and medium-sized enterprises that the minimum wage pledge was wrong," but added, "I believe the minimum wage system can provide appropriate protection according to economic conditions." He stated, "If I become president, I will learn from the failures of the Moon Jae-in administration and adjust the pace of minimum wage increases according to the economic situation."

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