'Presidential Election Mode' Democratic Party Launches All-Out Effort on Livelihood and Economy

Comprehensive Support for Trade, Platform, and Battery Industries
Lee Jaemyung to Visit Banking Sector Next Week for 'Win-Win Finance'

Amid growing possibilities of an ‘early presidential election,’ the Democratic Party of Korea is continuing its efforts focused on livelihood and the economy. While the party externally maintains a stance of "not even mentioning the word ‘presidential election’," it is internally preparing for governance by establishing various special committees.

On the 16th, the Democratic Party is responding comprehensively to economic issues by visiting the Korea International Trade Association, hosting a discussion on delivery application (app) fees, and organizing a battery industry roundtable. In the morning, opposition members of the National Assembly’s Planning and Finance Committee who visited the Trade Association emphasized that political uncertainty must be removed amid the impeachment crisis to overcome the export crisis. Kim Hyun-jung, a member of the Political Affairs Committee, is holding a discussion to promote fairness in delivery app fees. Since last year, Kim has been actively engaged in legislative activities to regulate the monopoly of platform companies, including the ‘Online Platform Fairness Act (Onple Law).’

Lee Jae-myung, leader of the Democratic Party of Korea, is attending a party caucus held at the National Assembly on the 15th. Photo by Kim Hyun-min

The battery industry roundtable held in the afternoon is intended to respond to changes in the international economic situation following the launch of the ‘Trump 2nd term.’ The final, fifth session will be held on the 5th of next month in the form of a comprehensive discussion, presided over directly by Lee Jae-myung, the leader of the Democratic Party. Kim Tae-nyeon, who chaired the first session held on the 13th, said, "It is cautious to say, but there were noticeable contents that could be ‘manifesto-ized.’"

In this way, the Democratic Party is emphasizing its role as a ruling party by using the ‘economy’ as a connecting link. It is highlighting the responsibility of being the first party with a stable majority and appears to be focusing on revitalizing the economy. Lee Jae-myung will also attend an on-site roundtable with the banking sector on the 20th, aimed at ‘expanding win-win finance.’

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