Jang Donghyuk Criticizes Lee Administration: "No Measures for Inflation or Exchange Rates... Blames Election-Driven Spending"

"Only Stock Prices Emphasized...
It Is the Government's Role to Manage Inflation, Interest Rates, and Exchange Rates"

Jang Donghyuk, Chairperson of the People Power Party's Standing Election Countermeasures Committee, on May 27 criticized President Lee Jaemyung and the Democratic Party by saying, "Measures for inflation, exchange rates, and interest rates have disappeared, and all they talk about now is the stock market."

At the Central Election Countermeasures Committee meeting held at the People Power Party headquarters in Yeouido, Seoul on this day, Chairperson Jang pointed out, "There are words that have disappeared from the President's mouth: specifically, inflation, exchange rate, and interest rate measures," adding, "Lee Jaemyung and the Democratic Party talk about nothing but the stock market."

Jang Donghyuk, Chairperson of the People Power Party's Standing Election Countermeasures Committee (center), is speaking at the Central Election Countermeasures Committee meeting held at the party headquarters in Yeouido, Seoul, on the 27th. Photo by Yonhap News Agency

He continued, "It is companies that raise stock prices, while it is the role of the government and the ruling party to manage inflation, exchange rates, and interest rates. Yet, they have ruined the very things they should be responsible for, while taking credit for the achievements of companies as if they were their own."

In particular, targeting Kim Yongbeom, the Blue House policy chief, he said, "He has even come up with a science fiction-level economic theory that calls the 'three highs hell' a cost of success," and added, "Ordinary citizens are suffering from soaring prices, loan interest rates are skyrocketing to the point that even living expenses are shrinking, and small and medium-sized businesses are worried about survival due to the high exchange rate."

Chairperson Jang further pointed out, "They keep blaming the rise in the exchange rate on foreigners selling stocks, but then why did the exchange rate fall when foreigners were buying stocks?"

He also emphasized, "With so much money having been distributed for election purposes, both the exchange rate and prices will rise even further. The People Power Party will establish and implement sound economic policies so that the people can escape the 'three highs hell' and enjoy true prosperity."

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