People Power Party's Overall Assessment of Moon Administration's 5 Years: "National Audit Examining Failures"

Divided into 8 Areas Including Diplomacy, Defense, Economy, and Real Estate Disasters
Follow-up Measures Also Summarized and Listed

Joo Ho-young, Floor Leader of the People Power Party / Photo by Dongju Yoon doso7@

[Asia Economy Reporter Kum Boryeong] The People Power Party has released a booklet containing an overall evaluation of the five years of failures under the Moon Jae-in administration, along with issues pointed out during the National Assembly audit and planned follow-up measures.

On the morning of the 17th, Joo Ho-young, the floor leader of the People Power Party, stated at the Emergency Committee meeting held at the National Assembly, "This National Assembly audit was the first since the regime change and was a meaningful audit that allowed us to review the comprehensive failures of the Moon Jae-in administration over five years," adding, "We have published a booklet containing an overall evaluation of failures in eight areas including diplomacy, defense, economy, and real estate disasters."

Notably, the Moon administration's failures included insufficient investor protection measures related to virtual assets, the regression of the national economy due to income-led growth policies, the passing of real estate tax revenues exceeding 100 trillion won annually and policy failures onto the public burden, and the Ministry of Oceans and Fisheries officials' wrongful accusation of defecting to North Korea in the West Sea shooting incident.

Other failures included the devastation of rural farming and fishing villages caused by reckless renewable energy policies, astronomical deficits incurred by Korea Electric Power Corporation (KEPCO) due to the nuclear phase-out policy, exclusion of security education during civil defense training, and allegations of inadequate investigations related to power-driven gate scandals involving private equity funds (Lime, Optimus, Discovery).

Among the issues pointed out in the National Assembly audit was the spread of 'drugs and organized crime' during the five years of the Moon administration. Problems related to the widespread increase in drug use, including within the Blue House, were raised, along with suspicions of leniency toward the Blue House's 'methamphetamine administrative officer.' The People Power Party and the Yoon Suk-yeol administration's follow-up measures were also mentioned. On the 26th of last month, the ruling party and government prepared a 'Comprehensive Plan for Drug Control,' and the Ministry of Food and Drug Safety declared the 'full-scale management of narcotics.'

In the Legislation and Judiciary Committee, People Power Party lawmaker Jeong Jeom-sik criticized the investigative capacity shortcomings of the Corruption Investigation Office for High-ranking Officials (CIO). Most cases handled by the CIO were closed after review, not investigated, or transferred. In response, the People Power Party urged the establishment of institutional improvement plans regarding the personnel composition and functions of the CIO.

Additionally, the People Power Party advocated for the normalization of the comprehensive real estate tax to alleviate excessive real estate holding tax burdens and expressed the urgent need to prepare measures to reduce private education expenses.

Floor leader Joo said, "Overall, it was a five-year period that dismantled and regressed South Korea, but personally, I consider the collapse of the judicial system the most tragic failure," adding, "The politicization of the courts and the malpractice of personnel appointments based on political codes directly resulted in harm to the people."

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