President Lee Jae-myung suggested on July 19 that the Democratic Party of Korea consider reverting the election deposit amounts for candidates back to previous levels. He expressed concern that the recent increase in deposits, particularly for youth candidates, has made it difficult for them to participate in elections.
In a post on X (formerly Twitter), President Lee stated, "It is sad that financial constraints prevent people from running for office, as it also increases the temptation for corruption." He highlighted that one of the key reforms initiated by former President Roh Moo-hyun was the introduction of a public election system, noting that during his time as party leader, he had proposed reducing deposit amounts significantly to prevent a proliferation of candidates.
He acknowledged that sitting lawmakers might have less financial burden due to their access to political funds, but emphasized that those outside the National Assembly, especially young candidates, face greater challenges. "Given that the party's finances are not in dire straits, and considering the need for policy support for youth, I suggest we think about returning the deposit amounts to previous levels," he said.
Additionally, President Lee expressed a desire to support youth candidates by promoting their fundraising accounts, stating, "As someone who has faced financial struggles in my youth and overcome numerous challenges, I want to help promote their support accounts."
He also addressed potential criticisms of his involvement in party matters, clarifying, "Some may see this as interference in party affairs, but under current laws and party regulations, the president, as a party member, is allowed to express opinions on party matters, so I hope there are no misunderstandings."
In a post on X (formerly Twitter), President Lee stated, "It is sad that financial constraints prevent people from running for office, as it also increases the temptation for corruption." He highlighted that one of the key reforms initiated by former President Roh Moo-hyun was the introduction of a public election system, noting that during his time as party leader, he had proposed reducing deposit amounts significantly to prevent a proliferation of candidates.
He acknowledged that sitting lawmakers might have less financial burden due to their access to political funds, but emphasized that those outside the National Assembly, especially young candidates, face greater challenges. "Given that the party's finances are not in dire straits, and considering the need for policy support for youth, I suggest we think about returning the deposit amounts to previous levels," he said.
Additionally, President Lee expressed a desire to support youth candidates by promoting their fundraising accounts, stating, "As someone who has faced financial struggles in my youth and overcome numerous challenges, I want to help promote their support accounts."
He also addressed potential criticisms of his involvement in party matters, clarifying, "Some may see this as interference in party affairs, but under current laws and party regulations, the president, as a party member, is allowed to express opinions on party matters, so I hope there are no misunderstandings."
* This article has been translated by AI.
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