Lee Jae-myung's presidential campaign pledge to boost the stock market and expand monetary supply is a 'hard-line conservative' policy of expanding supply during a recession
Presidential candidate Lee Jae-myung's pledge was a hard-line conservative policy of increasing the supplementary budget and expanding monetary supply by boosting the stock market, but it exposed the currency value to a sharp decline if the economic downturn continues by excluding the social safety net during a recession and using a short-term economic stimulus method.
This candidate's pledge has made 'purge of opponents of stock market support' a policy in this presidential election, as a strategy to create social enemies for the military build-up system, which is 'radical ideological capture' of non-stock holders, who are the biggest victims of the wealth gap, and non-participants in government-led future investment.
Hardline conservatives, supply expansion, military buildup, basic society, presidential election pledge, wealth gap, Lee Jae-myung, stock market support, recession, monetary expansion,
Reuters reported on the 14th in an article titled <Lee Jae-myung's Policy Pledges> that "If this candidate is elected, the Democratic Party has pledged to gradually increase the budget for research and development and invest heavily in artificial intelligence, starting with this year's additional budget." He added that "the plan is to make the defense industry one of the country's core industries, provide vouchers to help local companies, and strengthen support for the content industry to strengthen the country's soft power."
Reuters reported that Lee “in order to raise the minimum birth rate, Representative Lee announced economic stimulus policies of “increasing nursing services and building ‘elderly-friendly housing’ to address the aging population by deducting income taxes for parents in proportion to the number of children” and “solving the aging population.”
On April 22, the International Monetary Fund (IMF) set the possibility of a recession at 40% due to a sharp decline in U.S. production and halved Korea’s growth rate this year.
In its annual report that day, the IMF predicted that U.S. production would slow from 2.8% last year to 1.8% this year and halved Korea’s growth rate this year from 2.0% to 1.0%.
In its announcement, the IMF predicted that production next year would slow down more than previously forecast, forecasting that global production would slow from 3.3% in 2024 to 2.8% this year, and sharply revised the U.S. inflation outlook from 2% to 3% this year.
Regarding this candidate’s pledge, Yonhap News reported that “he promised to allow virtual asset spot listed index funds (ETFs)” and that regarding the “real estate supply expansion policy,” the head of the policy headquarters announced that “the Democratic Party’s basic policy is to stabilize real estate prices by increasing housing supply,” and “the two keynotes are to increase public rental housing and to vitalize redevelopment and reconstruction.”
Newsis reported that in this candidate’s policy pledge, “Promoting the vitality of households and small business owners and realizing a fair economy,” he revealed “a plan to expand the issuance of local love gift certificates and Onnuri gift certificates to promote the vitality of small business owners and the self-employed,” and “expanded the money supply.”
In the section “Restoring K’s democratic status to become a strong democracy,” this candidate’s pledge focused on “strengthening control over the prosecution’s power by separating investigation and prosecution and introducing a system to dismiss prosecutors,” and defined the weakening of the prosecution’s status as the core of democracy.
Regarding the candidate's long-standing representative policy of 'basic society', he announced in his '10 major pledges' that he would "realize a 'basic society of care where the entire society cares for everyone'" and "expand support for education and childcare expenses, establish an elementary care system for all neighborhoods, and ease the burden of nursing expenses."
This candidate's basic society presidential campaign pledge is a policy of 'strengthening the executive branch's authority to execute northern projects', which is a system that focuses the government budget on rigid expenses, and thus constitutes a hard-line conservative establishment with administrative authority as its priority.
This candidate's supply expansion priority strategy is the result of the '100 days of new economy' supply expansion under the Kim Young-sam regime in 1994, when the US Republican Party introduced Reaganomics, and the short-term growth strategy of relying on fostering conglomerates in 1998 caused banks to fail due to the increased overseas flight of crony capital, and the foreign exchange crisis caused by the IMF bailout.
On the 13th, the Korea Center for Economic Justice stated, "This candidate has made partial reform pledges such as fair market order and improvement of corporate governance, but he has omitted structural reform pledges that would shake up the economic structure centered on conglomerates." It was reported as "avoidance of conglomerate economic domination."
'Edaily' reported on the 14th under the title, "Lee Jae-myung says he will spend money to take care of 'growth + people's livelihood'... where will the funds come from?" with the title, "Tens of trillions just for implementing economic pledges... questionable feasibility of funding plan."
OhmyNews stated in an article titled “Labor Sector Split by Presidential Election Winds” that “Lee Jae-myung’s pledge to raise the child allowance payment age from under 8 to under 18 requires an annual budget of 7.1 trillion won,” and “The ‘2024-2028 National Fiscal Management Plan’ announced last year states that total government revenue in 2026 will increase by 25.9 trillion won compared to this year, but mandatory spending will increase by 25.8 trillion won, resulting in a difference of only about 100 billion won. This was based on the assumption that the Korean economy would grow by 2.2% (real terms) in 2025 in July of last year, but the Bank of Korea lowered its growth rate outlook to 1.5% in February of last year,” and announced on the 14th.
The IMF had already lowered Korea’s economic growth rate to 1.0% in April, and the possibility of an economic depression crisis is high as economic recovery relies heavily on monetary expansion.
On the 6th, this candidate announced the ‘Advanced Fund 50 trillion won’ as a means of resolving the wealth gap through ‘capital redistribution from the bottom up’ by attracting investment from ordinary citizens, but in Germany, research institutes have released reports that the results of AI labor research have ‘widened the wealth gap.’
This candidate is expected to further strengthen tensions in inter-Korean relations through a strategy of adding naval competition to the ‘power-based peace’ of hard-line conservatives by creating a US military ship maintenance base by focusing on fostering the defense industry from the long-standing military buildup policy and guaranteeing the expansion of US naval bases in South Korea.
On the first day of his presidential campaign, this candidate announced in ‘AI Technology Sovereignty’ that he would “create an ‘AI basic society’ that analyzes finance, health, food, and disaster risks with AI to protect the lives of the people,” and began his campaign by visiting AI-related companies, causing the stock prices of AI companies to soar by 30% at the start of trading on the 14th.
The biggest divide in the United States is not between Republicans and Democrats or between urban and rural citizens, but between 10% of stockholders and 93% of non-stockholders, and the rise in stocks is causing the wealth of low-income earners to be concentrated in the hands of high-income earners, a column in the New York Times pointed out on the 12th.
The column pointed out that “about 40% of Americans live on housing or cost-of-living indicators,” and that “many Americans own at least some stocks, and what’s worse, many middle-class people who don’t own stocks due to retirement or pension systems are forced to believe in future growth and profit indicators that are aligned with the interests of billionaire stockholders who do not align with their own interests, and that this is an economic ideology that radically attacks opponents.” As a result, the US has revealed that policies that do not serve the immediate interests of shareholders are being treated as reckless, radical, or economically illiterate, and this candidate has announced that 'radical ideological capture is used to eradicate opponents of stock market support' as one of his election pledges.
<Lee Jae-myung's 'AI sovereignty national domination system' stock price manipulation vs. US 'stocks divide the nation', April 14, 2025>
<German research institute AI labor 'widens the gap between the rich and the poor' Democratic Party's 50 trillion advanced fund 'attracts the common people', March 6>
<IMF US Production Plunge, Economic Recession 40%, Korea's Growth Rate Halved, 2025, April 23>