Kim Moonsoo Launches Practical Economic Team to Counter "Lee's Coffee Cost and Hotel Economy Theory"

People Power Party Launches "Kim Moonsoo Real Economy Team"
Choo Kyungho, Song Eonseok, Park Sumin, and Choi Eunseok Join the Team

Kim Moonsoo, the People Power Party presidential candidate, launched a "practical economic team" on the 26th, composed of former floor leader Choo Kyungho and others. The purpose is to further refine his economic policy pledges and to actively respond to various populist pledges made by Lee Jaemyung, the Democratic Party presidential candidate.

People Power Party presidential candidate Kim Moonsoo is campaigning at Seoin Intersection in Anseong Central Market, Anseong City, Gyeonggi Province on the 26th. Photo by Yonhap News

The People Power Party announced in the afternoon that "Candidate Kim has formed the 'Kim Moonsoo Real Economy Team' to address economic issues such as restoring the people's livelihoods and developing future growth strategies."

The "Kim Moonsoo Real Economy Team" will be chaired by former floor leader Choo, who previously served as Deputy Prime Minister and Minister of Economy and Finance, overseeing the team's economic vision. In addition, Representative Song Eonseok, who previously served as the 2nd Vice Minister of Economy and Finance, will serve as the head of the economic policy committee, and Representative Park Sumin, who was a director at the European Bank for Reconstruction and Development (EBRD), will act as the economic spokesperson.

Additionally, Representative Choi Eunseok, who served as CEO of CJ CheilJedang, has been appointed as head of the real economy division. Additional external economic experts are expected to join the team in the future.

The People Power Party explained that the "Kim Moonsoo Real Economy Team" plans to further develop the "Regulatory, Infrastructure, and Future Industry Overhaul Pledge" announced on the 18th, and to present actionable strategies that can be implemented early.

The People Power Party stated, "We will avoid cash handout-style populism and focus our efforts on reforming the overall economic structure for the sake of future generations." They also said, "We plan to highlight the problems and the fictitious nature of Lee Jaemyung's economic policies and populist pledges, such as the recently raised 'hotel economy theory,' the claim that coffee costs 120 won, and the proposal to attract Wave Park to Turtle Island."

They added, "Since the next administration must begin governing immediately after the presidential election on June 4, it is Kim's intention to have a competent and proven 'practical economic team' ready to operate at once."

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