Kim Kwang-doo "Serious Polarization of Asset Distribution in Korean Economy... Education is the Basic Solution"

Lecture at Meeting Hosted by Kim Gi-hyeon, People Power Party Lawmaker
"Ability Must Be Improved Through Educational Opportunities"
About 40 Lawmakers Attend... Party Leadership Race Kicks Off

People Power Party lawmaker Kim Ki-hyun is giving a greeting at the second meeting of Innovation 24 New Future titled "Overcoming the Economic Crisis with a Human-Centered Innovative Ecosystem!" held at the National Assembly Members' Office Building on the morning of the 13th. (Photo by Yonhap News)

[Asia Economy Reporters Kum Boryeong and Kwon Hyunji] Kim Kwangdoo, President of the National Future Institute and former Vice Chairman of the Presidential National Economic Advisory Council under the previous administration, stated that "education is fundamental to solving polarization."

On the 13th, at the National Assembly Members' Office Building, Kim made this claim during a lecture titled "Overcoming the Economic Crisis through a Human-centered Innovation Ecosystem," hosted by Kim Ki-hyun, a member of the People Power Party, at the 'Innovation24 New Future' meeting.

Kim identified asset polarization as one of the biggest problems in the Korean economy and proposed education as the solution. He explained, "Asset polarization has worsened, and the key to solving it is providing educational opportunities. The government managing and enhancing abilities through educational opportunities is the fundamental part of resolving polarization."

He emphasized that the government should increase investment in re-education and retraining. Kim said, "If even 1% of the total employment fund is allocated as a re-education quota, it would allow young people to enter training and education programs and gain opportunities. Many educational facilities in local areas are still outdated, but replacing them would boost domestic demand and improve the quality of education."

He also stressed the importance of accumulating 'human capital' from a mid- to long-term perspective. Kim stated, "The era of relying on simple labor has passed; it is a time when expertise is important, so we must cultivate human capital that raises labor productivity."

Regarding the current Korean economy, he diagnosed that "debt is at a dangerous level" and said, "There needs to be a sharing of pain." He added, "Financial problems among vulnerable groups will emerge," urging political circles to respond accordingly.

Meanwhile, about 40 members of the People Power Party attended Kim's meeting. Among them were Ahn Cheol-soo, who is competing for party leadership, and members classified as pro-Yoon (Yoon Seok-yeol) faction such as Yoo Sang-beom and Jeong Jeom-sik. The third meeting of the New Future scheduled for next month will feature former UN Secretary-General Ban Ki-moon as a speaker.

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