Governor Kim Dong-yeon Meets Representative Lee Jae-myung on the 28th, Emphasizes "Urgent Constitutional Amendment and Active Fiscal Policy"

Gyeonggi Province Governor Kim Dong-yeon met with Lee Jae-myung, leader of the Democratic Party of Korea, on the 28th and proposed that the Democratic Party should first relinquish vested interests and form a joint government. He also emphasized that regime change alone is not enough and that a constitutional amendment to establish the 7th Republic is urgent. Furthermore, he stated that in the current political arena, tax cut debates and tax cut populism are extremely intense, and what is needed now is an active role of fiscal policy.

Governor Kim held a meeting with Democratic Party leader Lee Jae-myung at a location in Yeouido, Seoul, and said, "There is growing concern about whether regime change is truly possible with the Democratic Party now," adding, "For an overwhelming regime change, I believe election alliances and, furthermore, forming a joint government are necessary."

He continued, "Eight years ago during the Candlelight Revolution, we remained within the Democratic Party government," and said, "In the Revolution of Light, I think it is necessary for us to unite and build together. To do that, the Democratic Party must first relinquish its vested interests."

He also stated, "Regime change alone is not enough," and emphasized, "We must achieve a change beyond regime change. That means opening a new Korea and creating the 7th Republic."

In particular, he said, "I cannot understand why a constitutional amendment to create such a 7th Republic is not even being properly discussed," diagnosing, "A constitutional amendment is not a black hole but a gateway to creating a new Korea."

Gyeonggi Province Governor Kim Dong-yeon (left) is discussing current issues during a meeting with Lee Jae-myung, leader of the Democratic Party of Korea, at a location in Yeouido, Seoul, on the 28th. Photo by Gyeonggi Province

Governor Kim further said, "Currently, tax cut debates and tax cut populism are very severe in the political sphere," and expressed, "It should be a competition of visions, but the reality is that everyone is focused on tax cut competition, which is very regrettable."

He added, "What is needed now is not tax cuts but an active role of fiscal policy," and said, "Therefore, I think it is time to join forces to freeze tax cuts and increase fiscal spending. If we endure raising the national debt ratio by 5 percentage points over the next five years, we can create a virtuous cycle structure with about 200 trillion won in resources for economic revitalization and consequent tax revenue expansion."

Moreover, he argued, "I believe that the active role of fiscal policy can prevent and pull up issues such as population extinction, regional extinction, and the disappearance of economic growth engines," and insisted, "Going a step further, tax increases are also necessary where needed. Welfare without tax increases is impossible now, and for securing new growth engines and addressing the era of super-aging and national responsibility for care, such a fiscal role is essential."

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