Lee Visits Hongdae, Emphasizes 'Youth Basic Series' "Today's 10 Million Won Is More Valuable Than Future 10 Million Won"

"Basic Income That Reduces Part-Time Job Hours for Youth, Why Is It Bad?"
"Real Estate, Build 1.07 Million Houses in Seoul, 100,000 in Yongsan, and Prioritize 30% for Youth"

Lee Jae-myung, the Democratic Party presidential candidate, is greeting supporters at the 'JM is Gangnam Style!' election campaign held near Gangnam Station in Gangnam-gu, Seoul on the 16th.
[Image source=Yonhap News]

[Asia Economy Intern Reporter Kang Woo-seok] Lee Jae-myung, the presidential candidate of the Democratic Party of Korea, stated on the 17th, "For young people, 10 million won now is much more valuable than 10 million won in the future."

On the same day, during a focused campaign rally in front of Sangsangmadang in Mapo-gu, Seoul, Lee said, "We pay the same taxes throughout our life cycle, but what has the state done for young people?" He raised his voice, saying, "Even though they have become the most vulnerable group, young people receive the least support. Why is basic income, which aims to give young people more time to work part-time jobs (alba), considered a bad thing?" He was promoting his 'Youth Basic Series' pledge near Hongik University, an area with a large young population.

Lee said, "For young people, 10 million won now is much more valuable than 10 million won in the future. The youth basic finance policy proposes giving opportunities to borrow small amounts even for 10 to 20 years starting now." He added, "Why can't poor people use banks? The state just needs to take a little responsibility. Why criticize the state for trying to create at least minimum opportunities for citizens to use financial institutions?"

Regarding youth housing issues, he said, "Building housing for young people is not easy, but I am confident. Despite knowing the risks of real estate speculation, I promised to build 100,000 units in Yongsan and 1.07 million units in Seoul, with 30% of them available for young people to purchase first." He mentioned, "Even if they get the right to purchase, I will solve the problem of not having money or income to borrow. I will make it possible to own a home by paying only 10% of the sale price."

About young people who do not attend university, he said, "While those who go to university can receive an average of 20 to 30 million won in support, 30% of young people do not attend university." He added, "Even if it is not that amount, it is fair and just for the state to support them so they can develop their capabilities and build their foundation."

Lee emphasized, "I understand the difficulties and despair of young people in this era to some extent," and said, "I will definitely create a country where continuous growth and many opportunities exist, where friends do not fight, and where anyone can fail and try again."

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