Han Byeong-do, acting leader of the Democratic Party and floor leader, criticized the People Power Party on July 21, stating, "The Democratic Party held a government-party meeting today to discuss the preparation of a budget proposal amounting to 800 trillion won for the promotion of three major mega projects. The People Power Party is already trying to hinder us by labeling this as a financial gamble before we even begin."
During a meeting at the National Assembly, he emphasized, "As we stand on the brink of a $40,000 per capita income era, we must solidify our lead in semiconductors and concentrate national resources on the three major mega projects."
He further asserted, "Next year's budget will actively support the three major mega projects and invest in youth, local areas, and education through future response funds, making it a growth-oriented future budget."
Han also criticized the People Power Party, saying, "Their hypocrisy is astounding. Have they already forgotten the 90 trillion won tax revenue shortfall caused by the incompetence of the Yoon Suk-yeol administration in 2023 and 2024?"
He pointed out, "Not only did they shift the responsibility for tax revenue shortfalls onto local finances, but they also unexpectedly slashed R&D budgets, trampling on the dreams and futures of young scientists."
Additionally, he stated, "The People Power Party, which couldn't even speak up in the face of the Yoon Suk-yeol government's fiscal failures, has no right to criticize the bold challenges of the Lee Jae-myung administration, which has just taken its first steps. The Democratic Party will not be swayed by the People Power Party's attempts to hinder us and will boldly invest in the present and future to create an irreplaceable South Korea with a potential growth rate of 3%, ranking among the top four in global trade, and achieving a per capita income of $50,000."
* This article has been translated by AI.
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