Jung Min-cheol, a 2001-born youth politician and vice chair of the Democratic Party's Policy Committee, stated on July 19 that in South Korea, young people or political newcomers can only run for office if they are born into wealth and can rely on family money or if they can easily spend 20 million won (about $15,000) for preliminary elections, with 10 million won (about $7,500) for youth candidates.
He expressed his frustration regarding Article 45 of the Political Fund Act, which states that contributions from relatives are not subject to penalties.
In a Facebook post, Jung remarked, "I am somewhat cynical about the term 'youth politics.' I believe it is not about having someone to nurture you, but about growing on your own. The problem is that the pathways to grow on your own are blocked." He added that even for preliminary candidates, the situation does not change, pointing out that it takes a week to open a fundraising account, during which time the preliminary election concludes.
He urged the party to at least agree to significantly reduce the deposit for external candidates or address the issue of fundraising, stating, "Please open up opportunities for us to challenge, even if it is just our share." He emphasized, "Should we be held back by laws and systems? Nevertheless, I will not give up. I ask you to ensure I pass the preliminary election."
On July 18, Jung raised the deposit issue during a live broadcast on YouTube. Previously, he had disclosed his personal account to raise funds for the deposit, but after concerns were raised about potential violations of the Political Fund Act, he indicated he would return the funds, admitting he had not conducted proper legal reviews.
In response, candidates aligned with the pro-Lee Jae-myung faction, including former Prime Minister Kim Min-seok and lawmaker Song Young-gil, voiced criticism of the party's deposit regulations. President Lee Jae-myung also noted, "Current lawmakers may have less burden due to political funds, but those outside, especially the youth, face significant challenges. Given that the party's finances are not strained, and considering the difficulties faced by young people, we should consider reverting the deposit to previous levels if possible."
During Lee's tenure as party leader, the deposit for the party convention was reportedly set at 40 million won (about $30,000) for candidates for party leader and 15 million won (about $11,250) for Supreme Council candidates.
Meanwhile, the Democratic Party's Election Management Committee plans to hold a full meeting on July 21 to revisit the deposit controversy.
* This article has been translated by AI.
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