Kim Du-gwan Proposes Yoon-Democratic Party Grand Coalition for Livelihood Economy: "Yoon-Democratic Party, Let's Form a Coalition for One Year"

Kim Du-gwan Holds Press Conference Proposing Coalition Government for One Year
"If Meoksanism Is Not a Presidential Pledge, Grand Coalition Is the Reality"

Kim Du-kwan, the Democratic Party of Korea's presidential candidate, proposed a 'Min-Gyeong Economic Grand Coalition' on the 29th. The idea is to form a neutral coalition cabinet with participation from both ruling and opposition parties to cooperate on livelihood issues.

At a press conference at the National Assembly on the same day, Candidate Kim pointed out the difficulties of the livelihood economy, saying, "At the very least, political strife must stop regarding the livelihood economy, and the ruling and opposition parties should put their heads together and pool their wisdom." He added, "I propose a 'Livelihood Economy Grand Coalition' to President Yoon Seok-yeol and People Power Party leader Han Dong-hoon." He further stated, "For the next year, the government and the National Assembly will share responsibility for the overall livelihood economy," and "I propose the formation of a 'Livelihood Economy Grand Coalition Cabinet (Coalition Cabinet)' with participation from both ruling and opposition parties."

[Image source=Yonhap News]

The proposal is to discuss measures such as reducing living expenses and income compensation through the coalition. Specifically, he said, "The swift execution of livelihood support funds is the starting point" among the issues to be promoted by the coalition. Additionally, he suggested ▲a full reshuffle of economic ministries under the Deputy Prime Minister for Economy, ▲formation of the coalition cabinet through ruling and opposition agreement, ▲cessation of political strife in standing committees related to the livelihood economy and prompt processing of bipartisan agreed bills, and ▲activation of a bipartisan livelihood economy consultative body composed of the Deputy Prime Minister for Economy, the Presidential Office Policy Chief, and the policy committee chairs of both ruling and opposition parties.

Candidate Kim explained to the Democratic Party members, "When solidarity is necessary for the essence of politics and livelihood, we have no choice but to unite." Regarding Lee Jae-myung, the Democratic Party presidential candidate, he said, "For 'Meoksanism' to succeed, politics must support it," adding, "We need to present realistic alternatives, not just slogans. If Meoksanism is not a campaign promise to be pursued after Candidate Lee becomes president in two to three years, I believe the practical extension of Meoksanism is the 'Livelihood Economy Grand Coalition.'"

However, Candidate Kim also emphasized that political struggles will continue separately. Having proposed holding the presidential election together with the 2026 local elections through a constitutional amendment to shorten the presidential term, he said, "I will shift the Democratic Party's operational policy to a two-track approach of 'political struggle' and 'Livelihood Economy Grand Coalition.'" He added, "We will fight fiercely against immorality and respond flexibly to livelihood issues to establish a foothold for regaining power."

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