110 Financial Experts Declare Support for Yoon Seok-yeol... "Agree with Yoon's Financial Policy Direction"

"Moon Administration, Debt at Catastrophic Levels... Causing Investor Losses"

[Image source=Yonhap News]

[Asia Economy Reporter Park Jun-yi] A total of 110 current and former financial professionals have declared their support for Yoon Seok-yeol, the presidential candidate of the People Power Party.

The group of financial professionals held a press conference on the 20th at the central party office in Yeouido, Seoul, stating, "We, the financial professionals, fully agree with and actively support Candidate Yoon's financial policy direction, which aims to restore the financial market, devastated under the Moon Jae-in administration, based on the principles of fairness and trust."

They criticized, "The Moon Jae-in administration raised household debt and livelihood debts of small business owners and self-employed individuals to disastrous levels due to failures in real estate policies and COVID-19 quarantine measures. Furthermore, due to failures in financial supervision, defective funds such as Lime and Optimus were produced and circulated, causing losses to numerous investors."

They also pledged to prioritize resolving household debt and the debt issues of small business owners and self-employed individuals together with Candidate Yoon. Additionally, they proposed alternatives such as supplying long-term housing finance for 30 to 40 years and strengthening the responsibility for protecting financial consumers.

Attendees at the press conference included Hwang Young-gi, former chairman of the Korea Financial Investment Association; Lee Jong-hwi, former president of Woori Bank; Min Byung-duk, former president of KB Kookmin Bank; and Kim Ju-ha, former president of NH Nonghyup Bank.

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