Kim Dong-yeon "1% Growth Rate This Year... Never Lower Than Japan"

Gyeonggi Province Governor Kim Dong-yeon, CBS Radio Interview
Points Out Seriousness of Economic Situation "No Sense of Crisis"

Gyeonggi Province Governor Kim Dong-yeon expressed concern over the government’s lack of a sense of crisis regarding the forecasted economic growth rate in the 1% range this year. He noted that, except during Korea’s economic crisis, the growth rate has never been lower than Japan’s, indicating that this year’s situation is serious.

In an interview on the 18th with CBS Radio’s 'Kim Hyun-jung’s News Show,' Governor Kim said, "Regarding national governance, politics is uncommunicative, the economy is stagnant, diplomacy is subtractive, and society is conflicted. This is very worrisome, and I am deeply concerned about the future as well."

Governor Kim especially conveyed his concerns about the economic situation. He said, "As for the Democratic Party, what can I say? They need to consider whether they have the alternatives and capabilities to properly revive the economy and people’s livelihoods. The current Innovation Committee’s focus on the delegate system is not addressing the core issue."

Candidate Kim Dong-yeon for Governor of Gyeonggi Province. / Photo by Yoon Dong-ju doso7@

Governor Kim stated, "What we need to pay attention to is not approval ratings but economic growth rates. The forecast is for 1.4% growth this year, but even that is considered difficult. The biggest problem with the current government seems to be a lack of awareness and sense of crisis about what the real economic problems are. Many people do not understand the significance of 1.4% growth."

He emphasized, "We have never had growth in the 1% range, except during economic crises. There has never been a time when our growth rate was lower than Japan’s."

Governor Kim explained, "There have been almost no times when our economic growth rate was lower than the global trade growth rate. Our economy is heading into an unprecedented phase, and more importantly, it is not just about these macro indicators but about the difficulties faced by the market and people’s livelihoods. Now is the time to pay more attention to small business owners and self-employed people who are worried about prices and funding."

Regarding the direction the Democratic Party should take, Governor Kim said, "It seems they do not understand the core of the problem. The rules within us are not what matters. What matters is reflection and introspection on the Democratic Party’s continuous losses since the previous government and the presidential election, and whether we have alternatives to solve the people’s livelihood and economic problems. If we do, how will we solve them with what capabilities? The public’s judgment is skeptical."

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