Oh Se-hoon: "Lee, Giving Out Money and Cutting Taxes at the Same Time... Is He Aiming for National Bankruptcy?"

Oh: "Lee Jae-myung's 'Sweet Economic Fraud'"

Seoul Mayor Oh Se-hoon criticized Lee Jae-myung, leader of the Democratic Party of Korea, for simultaneously pursuing 'money handouts' and 'tax cuts,' calling it an 'economic fraud.'

On the 19th, Mayor Oh posted on Facebook titled "The Bitter Future Brought by Lee Jae-myung's Sweet Candy," expressing this view.

Earlier, Lee posted on Facebook the previous night with the title "Are Wage Earners Slaves?" stating, "Despite nominal wages rising due to inflation, real wages are not increasing, yet taxes continue to rise due to progressive taxation," and added, "While ultra-wealthy individuals receive tax cuts, wage earners have effectively been subjected to tax increases. Isn't this a problem that needs fixing?"

Seoul Mayor Oh Se-hoon is attending and speaking at the Investment and Affiliated Institutions Deregulation Report Meeting held at the Seoul City Hall in Jung-gu, Seoul on the 13th. 2025.2.13 Photo by Jo Yong-jun

Mayor Oh pointed out, "Lee Jae-myung raises the issue of earned income tax by asking 'Are wage earners slaves?' and also promises to drastically ease inheritance tax. On top of that, he advocates for regional currency worth 13 trillion won, including a 250,000 won handout to all citizens," adding, "In short, he intends to do 'money handouts' and 'tax cuts' simultaneously."

He then labeled Lee's policies as 'populism' and warned that they would have adverse effects in the future. He said, "History has proven that such populism ultimately leads to greater suffering," and added, "He justifies his change of stance by saying 'the world has changed,' but the only thing that has truly changed is Lee Jae-myung's words."

Mayor Oh emphasized, "The direction of Lee Jae-myung's 'sweet economic fraud' points to the national bankruptcy of the Republic of Korea," and stressed, "True economic recovery must be achieved not through indiscriminate tax giveaways, but through creating a growth environment and rational distribution."

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