Jang Dong-hyuk, leader of the People Power Party, criticized the Democratic Party on August 5, urging them to provide specific data to counter their criticisms. He made these remarks during a press conference at the National Assembly, responding to Han Byung-do, the acting leader of the Democratic Party, who had accused the People Power Party of engaging in "mindless criticism."
In response to questions from reporters regarding Han's comments, Jang stated, "While they claim to be increasing supply, there is nothing visible, and the proposed tax reform plan will likely lock up existing properties." He questioned, "Is it appropriate for the ruling party's floor leader to label the opposition's criticism as mindless and inciting?"
Jang further challenged Han, asking, "Does the Democratic Party's floor leader even understand the government's announced real estate policies? Have they considered how these policies might damage the real estate market?" He emphasized that a responsible floor leader should study the issues, acknowledge government mistakes, and provide constructive criticism to ensure the country functions properly.
Additionally, Jang called for a special investigation into the introduction of single-stock leveraged exchange-traded funds (ETFs), which have been cited as a cause of the recent volatility in the stock market. He argued that an investigation is necessary due to the push for this policy by Kim Yong-beom, the head of the Blue House Policy Office, despite opposition from experts and relevant authorities.
"Ultimately, this has resulted in foreign investors and securities firms profiting at the expense of the public's money. Even members of the ruling coalition have begun to voice their concerns," Jang said. He stressed the need to investigate whether the decision was made based on policy judgment or if it was influenced by lobbying or improper collusion.
Moreover, he pointed out that both Kim's son and the son of Lee Chan-jin, the head of the Financial Supervisory Service, work at the same securities firm. Jang insisted that a national investigation is warranted and that it should extend to a special prosecutor's inquiry.
Meanwhile, regarding reports that some responsible members of the People Power Party are calling for Jang's resignation, he acknowledged that some party members may have differing opinions about the leadership. However, he questioned whether the views of just over 20,000 party members could represent the will of the more than 1 million total members of the People Power Party, noting that many issues have arisen where over 20,000 members have requested disciplinary actions without thorough consideration.
In response to questions from reporters regarding Han's comments, Jang stated, "While they claim to be increasing supply, there is nothing visible, and the proposed tax reform plan will likely lock up existing properties." He questioned, "Is it appropriate for the ruling party's floor leader to label the opposition's criticism as mindless and inciting?"
Jang further challenged Han, asking, "Does the Democratic Party's floor leader even understand the government's announced real estate policies? Have they considered how these policies might damage the real estate market?" He emphasized that a responsible floor leader should study the issues, acknowledge government mistakes, and provide constructive criticism to ensure the country functions properly.
Additionally, Jang called for a special investigation into the introduction of single-stock leveraged exchange-traded funds (ETFs), which have been cited as a cause of the recent volatility in the stock market. He argued that an investigation is necessary due to the push for this policy by Kim Yong-beom, the head of the Blue House Policy Office, despite opposition from experts and relevant authorities.
"Ultimately, this has resulted in foreign investors and securities firms profiting at the expense of the public's money. Even members of the ruling coalition have begun to voice their concerns," Jang said. He stressed the need to investigate whether the decision was made based on policy judgment or if it was influenced by lobbying or improper collusion.
Moreover, he pointed out that both Kim's son and the son of Lee Chan-jin, the head of the Financial Supervisory Service, work at the same securities firm. Jang insisted that a national investigation is warranted and that it should extend to a special prosecutor's inquiry.
Meanwhile, regarding reports that some responsible members of the People Power Party are calling for Jang's resignation, he acknowledged that some party members may have differing opinions about the leadership. However, he questioned whether the views of just over 20,000 party members could represent the will of the more than 1 million total members of the People Power Party, noting that many issues have arisen where over 20,000 members have requested disciplinary actions without thorough consideration.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.