Tag: Lee Jae-myung

Real estate prices continues to be possibly the hottest topic that voters in Korea care about:

While varying degrees of despondency among non-homeowners are clearly present in the country, Lee Jae-myung of the ruling Democratic Party of Korea (DPK) infuriated voters in Gimpo, Gyeonggi Province, with an inadvertent comment during the four leading candidates’ second TV debate on Feb. 11. While discussing the country’s current real estate environment, he said that prices of apartments (the most common housing type in Korea) “with an area under 99 square meters in places like Gimpo are only around 200 million won to 300 million won” ($166,000 to $250,000).

While the average apartment in Seoul costs 1.2 billion won now ― a figure that the majority of low- to middle-income earners cannot afford ― Lee’s comment aroused objections that the range of 200 million won to 300 million won is way lower than what many members of the public thought. Lawmakers from the main opposition People Power Party (PPP) questioned whether the candidate is even aware of the country’s unstable housing market, which the current Moon Jae-in administration has been trying to control for so long.

Korea Times

You can read more at the link, but this is a rare misstep comment by Lee who is usually very polished in regards to what he says publicly.

Anyway President Moon has spent five years trying to do something about rising housing prices and has not succeeded so I would be surprised if either Presidential candidate will be able to do much to ease rising costs.

It must be a slow news day if the media is reaching this much to throw shade on Lee Jae-myung’s wife:

The wife of ruling party presidential candidate Lee Jae-myung has come under fire over allegations aides to her husband ran her errands, including picking up packs of beef and getting drug prescriptions and leaving them at her door.

Kim Hye-kyung, the wife of the Democratic Party (DP) presidential nominee, issued an apology Wednesday, five days after SBS TV first reported the claims, saying she took full responsibility for what transpired as she should have drawn a line between personal and official business.

Yonhap

You can read more a the link, but unless there is more that comes out I can’t imagine this is going to sway a Korean voter one way or another.

Considering the ROK’s past history of authoritarians seizing power, I think the five year term has been working very effectively for South Korea:

 Ruling party presidential candidate Lee Jae-myung on Tuesday argued for a shift to a four-year presidential term, renewable once, from the current single five-year term, saying he is willing to opt for a shorter term if elected.

“For responsible politics, (South Korea) needs a double, four-year term under which power is decentralized,” Lee of the Democratic Party said during an interview with cable channel MBN. 

“Five years is not a span (sufficient for a president) to plan, enact and execute policies and see the results,” the presidential candidate said. 

He said a constitutional amendment for that shift is needed now, and he is more than willing to accept a shorter four-year term if elected president.

Yonhap

You can read more at the link.

If you vote for Lee Jae-myung he is promising to help you get more hair if you are suffering from hair loss:

Lee Jae-myung, the presidential candidate of the ruling Democratic Party of Korea (DPK), is receiving ardent support from voters who are suffering hair loss, thanks to his campaign pledge to expand national health insurance coverage to include hair regrowth treatments. 

According to an online community platform for people with thinning hair, Tuesday, a number of posts have been uploaded to express their support for the DPK candidate.
“Lee Jae-myung is a Propecia-like figure,” an online user wrote on dcinside, referring to the popular medication for people with thinning hair. Another wrote, “I will ‘implant’ Lee in Cheong Wa Dae.” 

Korea Times

You can read more at the link, but if a cosmetic procedure such as regrowing hair will be added to the national health insurance program than why shouldn’t nose jobs, breast enhancement, braces, etc. be added as well?

Here is what Lee Jae-myung had to say about his rival’s wife’s resume padding issue and his own son’s legal problems:

On December 29, Lee Jae-myung, the presidential candidate of the Democratic Party of Korea, shared his opinion on Kim Keon-hee, the wife of the People Power Party’s candidate Yoon Seok-youl, and her apology to the nation for allegedly fabricating her resume and said, “When you say you’re sorry, you should mention why you are sorry, but if you offer an apology like ‘I’ll say I’m sorry because you want me to say it,’ it must make the people receiving the apology feel uncomfortable.”

This morning, Lee Jae-myung appeared on the MBC radio show, Kim Jong-bae’s Focus and during the interview when the host asked Lee’s assessment of Kim’s apology, Lee also said, “As a competitor, I don’t think it is appropriate (for me to give an evaluation).”

He said, “From a broader perspective, I am also destined (for verification). We are choosing a president who is accountable for the fate of the nation as well as the lives of the people in its entirety, and he will be granted immense power. So it is right that we engage in unlimited competition on all factors that will be affected by that power.” He further said, “We need to do so by revealing everything, including family, aides, one’s own self, and the past.”

Lee also spoke on how his son, unlike Kim who made a public apology, did not publicly apologize for his illegal gambling, and said, “The first lady is a public figure who is given authority and support. The president’s son who is an adult is practically a stranger.” Lee continued and said, “I think the people can make their own judgments on the argument that my son should personally make an apology since the wife did,” and added, “Just because someone made an argument does not make it the truth.”

As for the criticism on his returning his master’s thesis following controversy over plagiarism, Lee said, “I returned it because it wasn’t something I absolutely needed in my life, so the school could just cancel it, but they wouldn’t.” He further explained, “I received a letter in the name of my professor, and it said, ‘This is enough for an evening graduate school degree.’ So I asked them to cancel it since I didn’t need it, but the school wouldn’t.”

Kyunghyang Shinmun

You can read more at the link, but you can read more about Lee’s son’s illegal gambling problems as well as the accusations he has been going to a massage parlor at this link. You can read about Lee’s plagiarism of his Master’s degree which he admits to at this link.

I don’t think this is a smart political decision because Koreans I think have hit their limit on lockdowns and restrictions:

Ruling Democratic Party presidential nominee Lee Jae-myung asked the government on Tuesday to immediately tighten social distancing rules to curb the surge in coronavirus infections.

Lee issued the call in an “emergency statement” read by a spokesperson at DP headquarters, saying “it is time to take special measures beyond an all-out response.”

“Regrettably, we need to pause the return to normal temporarily,” he said, referring to the loosening of virus restrictions that began under a government initiative last month.

Lee said small business owners should be compensated in advance for the losses they are likely to suffer under the tightened rules.

Details of the strengthened measures should be determined in consultation with health authorities and experts, the spokesperson, Park Chan-dae, said.

Yonhap

You can read more at the link.

The ruling party’s candidate for President Lee Jae-myung is doing what left wing politicians always do, promise spend a lot of money:

Gyeonggi Gov. Lee Jae-myung, named presidential candidate of the ruling Democratic Party Sunday, vowed to adopt universal basic income if elected, claiming that he would turn South Korea into the world’s first nation offering the subsidy package, even to the wealthy.

In his acceptance speech on Sunday, Lee highlighted his “basic agenda package,” which is expected to be the backbone of his economy policy if elected president. The package consists of a universal basic income plan, a basic housing program and a basic loan scheme, but has immediately sparked divided responses from onlookers for its impact on the economy and lack of resources.

The universal basic income scheme, under Lee, would provide all Korean citizens annual cash subsidies of at least 250,000 won ($209.16) from 2023. Koreans aged between 19 to 29 would start receiving an annual 1.25 million won each from 2023. 

Lee plans to ultimately raise the bottom line to 1 million won within his years in office. 

Korea Herald

You can read more at the link, but I wouldn’t mind these heavy spending proposals so much if these politicians would be honest and also explain what taxes would be raised to pay for it.

The ruling party has been attacking the opposition party’s presidential hopeful with corruption allegations so now they are fighting back with corruption allegations themselves against the ruling party’s candidate:

Clashes between rival political parties intensified Tuesday in connection with a sprawling regional development corruption scandal, causing disruptions of a series of parliamentary audit sessions of the government amid opposition calls for an independent counsel investigation.

At the start of at least three audit sessions, lawmakers of the main opposition People Power Party (PPP) hung banners on their desks calling for a special prosecutor probe and other slogans attacking the ruling Democratic Party and its presidential hopeful Gyeonggi Province Gov. Lee Jae-myung. 

In response, DP lawmakers boycotted the sessions, accusing the PPP of trying to take political advantage of the audit. Some DP members even put up their own banners claiming that the opposition party is to blame for the scandal.

The scandal escalated over the weekend with the arrest of Yoo Dong-gyu, widely considered a close aide to Gov. Lee, on charges that he played key roles in helping a private asset management firm collect astronomical profits from a land development project in Seongnam, south of Seoul.

Lee was mayor of Seongnam at the time.

Yonhap

You can read more at the link, but if Gov. Lee Jae-myung is found to be some how involved in this scandal this is far more serious than the allegations being thrown at his rival former Prosecutor General, Yoon Seok-youl.