"Our Economy and Livelihoods Are in Serious Crisis"
"The President Is Absent on the Issue of Contaminated Water Discharge"

President Yoon Suk-yeol recently carried out a minor cabinet reshuffle and stated, "From now on, the focus of state affairs is the economy." In response, former lawmaker Yoo Seung-min criticized, saying, "It's been a year and a half since the election, and only now are they saying 'the focus of state affairs is the economy'."


On the 25th, Yoo posted on his social media, "Has the focus of state affairs not been the economy until now? Didn't the president volunteer as the 'number one salesperson' during numerous overseas trips after taking office?" he questioned.


[Image source=Yonhap News]

[Image source=Yonhap News]

View original image

He pointed out, "Every day is a struggle to make a living. According to the Statistics Korea Household Trends Survey, real household income decreased by 3.9% in the second quarter of this year. Household interest expenses surged by 42.8% in the first quarter and 42.4% in the second quarter." He added, "Looking at inflation, income, household debt, and interest expenses alone, it shows that our economy and people's livelihoods are in a serious crisis."


Former lawmaker Yoo said, "The serious situation of our economy?including declining exports, reduced investment and jobs, household debt exceeding the Gross Domestic Product (GDP), and severe tax revenue shortfalls?has been known since the early days of the Yoon Suk-yeol administration, and a responsible government should have naturally prepared for these issues." He raised his voice, saying, "You say you take all responsibility? Why is that 'responsibility' selective?"



He continued, "Why is the president invisible on critical issues like Japan's discharge of contaminated water?" and questioned, "Is it just talk, or does the president truly understand the weight of the presidential position? Next year's general election will ultimately be decided by the economy," he pointed out.


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