People Power Party Senior Members Urge President Lee to Face Public Suffering... Criticisms on Real Estate, ETFs, and More

"The Public Will Judge by Results, Not by Eloquent Words"

During a press conference held by President Lee Jaemyung on the morning of the 18th, several senior members of the People Power Party voiced criticism. The main topics of concern were his bid for reappointment, personnel management, real estate, and stocks, with some even calling for the initiation of constitutional amendment discussions.

Appearance of the People Power Party's floor policy meeting held at the National Assembly on the 18th

Kwon Youngsea, a five-term lawmaker, wrote on his social media account that day, "No matter how well-intentioned the government’s motives may be, if it becomes harder to find a home, our livelihoods become unstable, and tomorrow becomes unpredictable, then the policies must change," adding, "The lives of the people are not an experimental field to prove the government right."

Assemblyman Kwon also said, "When it comes to livelihoods, we must focus on the suffering endured by the people, rather than the government's confidence," and stressed, "We cannot solve the problem by labeling people who seek housing stability as speculators or by dismissing market instability as mere agitation by opposition groups." He continued, "We must be willing to accept policy criticism as a basis for policy revision."

Ahn Cheolsoo, a four-term lawmaker, said, "In today’s press conference, President Lee issued dozens of promissory notes on major issues such as not seeking another term, dropping charges, reforming prosecution and police, expanding housing supply, military dispatch to war, and personnel failures," adding, "Whether the nomination of Kim Seungwon as Minister of Justice is withdrawn will be the first test of whether these promissory notes turn out worthless." He also emphasized, "The public will judge by actual implementation and results, not by elaborate rhetoric."

Lee Jongbae, also a four-term lawmaker, criticized, "Due to the Lee Jaemyung administration's real estate policy failure, real estate prices in Seoul have soared to unprecedented levels, and the average price of jeonse apartments has exceeded 600 million won." He continued, "Nevertheless, President Lee brushed aside a reporter’s question on jeonse policy with his trademark habit of changing statements and only showed a complacent view that simply achieving balanced territorial development would solve the real estate problem."

Song Eonseok, a three-term lawmaker, pointed out, "The response regarding single-asset leverage Exchange Traded Funds (ETFs) was irresponsible." Song stated, "President Lee admitted he had been briefed at the time about the introduction of leverage ETFs, but when asked about the decision-making process, replied vaguely, 'Someone must have made the decision,'" adding, "It is hard to understand how, after being briefed on the introduction of high-risk financial products, he does not know who made the decision or what grounds it was based on."

Meanwhile, Kim Taeho, a four-term lawmaker and advocate for constitutional reform, used this opportunity to call for starting discussions on constitutional amendment, voicing opinions both for and against within the party. Assemblyman Kim said, "The purpose of constitutional reform is to disperse power that is overly concentrated with the president, and to move beyond political polarization toward a framework of coexistence and cooperation," emphasizing, "It is time to move beyond the 1987 system, where the winner takes all and the loser rejects everything."

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