Jung Jeongsik, floor leader of the People Power Party, commented on President Lee Jaemyung's national press conference held on the 18th, stating, "It was a comprehensive declaration of refusal to shift the government's policy direction, and at the same time, it was an attempt to appease the left and pacify progressives in order to prevent the collapse of his support base."


Jung Jeongsik, the floor leader of the People Power Party, is attending the floor strategy meeting held at the National Assembly on the 18th. 2026.09.18 Photo by Yoon Dongju

Jung Jeongsik, the floor leader of the People Power Party, is attending the floor strategy meeting held at the National Assembly on the 18th. 2026.09.18 Photo by Yoon Dongju

View original image

During a press briefing at the National Assembly later that afternoon, Jung said, "President Lee displayed no introspection regarding his own mismanagement of state affairs. He showed no remorse at all for policies that expropriated the public's assets, including real estate, stocks, and farmland."


Jung further stated, "On the real estate issue, he simply blamed the previous administration and the mayor of Seoul, consistently shifting responsibility to others, and even made remarks that revealed his lack of awareness of the reality that real estate prices have started to fall. He went as far as to lash out at a journalist, demanding to know when exactly 'jeonse' should have disappeared. It was shameless and audacious."


He also added, "Regarding the single-stock leveraged ETF issue, President Lee irresponsibly deflected by saying, 'Someone must have made that decision,' and distanced himself from accountability. The public suffered a loss of 54 trillion won because of this—it's truly shocking. We will push for a special prosecutor act regarding this matter."



Furthermore, floor leader Jung criticized, "Not a single word was spoken about the need for reflection on the undermining of judicial independence and the destruction of the separation of powers." He continued, "When questioned about issues such as the Chief Justice's repeated nominations or U.S. pressure to increase semiconductor production, he simply avoided answering. Truly, he is a cowardly president," Jung concluded.


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

© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.

Today’s Briefing