"A U-turn With the Right Blinker On"

Seoul Mayor Oh Se-hoon criticized, "Lee Jae-myung, leader of the Democratic Party of Korea, who claimed to be a 'centrist conservative' that does not align with his identity and advocated pro-market and pro-business policies, was suspicious, but upon seeing the livelihood agenda policies he presented, they are indeed full of anti-market elements."


On the 13th, Mayor Oh mentioned the Democratic Party's announcement of the 20th livelihood agenda on Facebook, writing, "Looking at the content, it is not just 'turning left with the right blinker on,' but rather 'making a U-turn with the right blinker on.'"


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First, regarding the amendment to the Housing Lease Protection Act that guarantees tenants a maximum residence period of up to 10 years, he pointed out that it is "a measure that completely ignores market logic." Mayor Oh said, "We all experienced how the 'Lease 3 Laws' of 2+2 years, created during the Moon Jae-in administration, distorted the market and destabilized the jeonse and monthly rent market," adding, "If this bill becomes a reality, rental supply will shrink, and jeonse and monthly rent prices will skyrocket, posing a high risk of the housing market falling into panic."


He also sharply criticized the proposal to reduce working hours to 48 hours per week and legislate a four-day workweek. Mayor Oh said, "Lee himself recently argued for an exemption to the 52-hour workweek system citing the competitiveness of the semiconductor industry," expressing concern that "uniform regulations that ignore the characteristics of industries and the diversity of companies will only weaken international competitiveness."



Furthermore, he said, "(Lee) is also reportedly pushing for a bill similar to the 'Yellow Envelope Act,' which is representative of anti-business laws. It includes the notorious provision of the Yellow Envelope Act that considers the primary contractor as the employer," and questioned, "Is the 'basic society' that Lee Jae-myung advocates ultimately an 'anti-market society'?"


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

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