Criticizing Yoon Citing 'Pelosi Passing' Article
Urging Measures to Address Electric Vehicle Company Losses

Lee Jae-myung, leader of the Democratic Party of Korea, is answering questions from reporters as he moves to the party leader's office at the National Assembly on the 6th. Photo by Yoon Dong-joo doso7@

Lee Jae-myung, leader of the Democratic Party of Korea, is answering questions from reporters as he moves to the party leader's office at the National Assembly on the 6th. Photo by Yoon Dong-joo doso7@

View original image

[Asia Economy Reporter Park Jun-yi] Lee Jae-myung, leader of the Democratic Party of Korea, pointed out that the Yoon Seok-yeol administration's passing over of Speaker Pelosi caused damage to Korean electric vehicle companies and urged the government to prepare measures to address the damage.


On the 7th, Lee shared an article on Facebook, saying, "The passing over of Speaker Pelosi led to the passing over of Korean companies, causing tremendous damage only to Korean electric vehicle companies," referring to foreign news reports.


The main content of the article is that because President Yoon did not meet with Nancy Pelosi, Speaker of the U.S. House of Representatives, during her visit to Korea last month, the U.S. excluded Korean companies from the 'Inflation Reduction Act.'


Regarding this, Lee said, "Not only will there be short-term damage to domestic electric vehicle manufacturers, but in the long term, economic losses and job reductions are expected due to the relocation of manufacturers abroad."


He added, "Although it may seem unlikely, the possibility cannot be denied," and stated, "Under the clear principle of pragmatic diplomacy centered on national interests, diplomacy must be meticulous, delicate, and thorough."


He said, "Without even citing the example of Seo Hui, diplomacy has a huge impact on national interests, and diplomatic failures cause enormous national interest losses," adding, "Especially for a country surrounded by great powers, losing balance and being swayed back and forth can lead to irreversible situations."


Lee suggested, "We must raise awareness through accountability of the diplomatic line and prevent recurrence," and urged, "Whether by dispatching a special negotiation team or quickly preparing measures to address the passing over of electric vehicles."



He continued, "Abandoning the economy and people's livelihood is not politics but mere domination," and said, "Politics must always fear the people and history."


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing