logo
What Lee pledged to do as president

What Lee pledged to do as president

Korea Herald3 days ago

Global economic power
Lee Jae-myung, who claimed victory with the highest number of votes in South Korea's history, pledged to transform the country into a top-tier economic powerhouse by heavily investing in future industries, particularly artificial intelligence and cultural exports.
He plans to boost national AI competitiveness by providing infrastructure such as data centers, increased public-private funding and regulatory reforms.
He said he would work to support Korea's content industries and those related to arts and culture, which he said could generate a total of 300 trillion won ($218 billion) in sales annually and 50 trillion won in exports by 2030.
Key industries, including defense and strategic technology, will see tax incentives and targeted research and development, while food tech and green bio innovations will reshape agriculture into a smart and sustainable sector.
Strengthening democracy
Lee promised robust reforms to restore democratic order after the December 2024 martial law crisis. These include reinforcing civilian control over military powers, reducing the president's martial law authority and ending political retaliation practices.
He aims to improve transparency in institutions such as the National Human Rights Commission and the Board of Audit. Judiciary and prosecution reforms include separating investigative and prosecutorial powers, expanding public legal access and introducing faster, more open trials.
A key goal is to build an accountable, rights-respecting democracy anchored in public trust, he said.
Revitalizing households
Lee's third pledge focuses on easing household debt, supporting small business recovery and building a fair economic system.
He proposed comprehensive debt restructuring for those affected by COVID-19 and martial law, as well as expanded financial support for small merchants.
Measures include rent transparency, fee reductions, and local economic revitalization through digital and regional support. Lee also aims to curb predatory lending, reform housing policies to reduce rental fraud and burdens, regulate platform economy commissions and improve financial consumer protection.
Corporate reform will target unfair practices, market manipulation and ensure shareholder rights.
Practical foreign, security policy
Lee vowed to pursue pragmatic diplomacy tailored to changing global dynamics. His administration will strengthen economic security, diversify trade and diplomatic ties —especially with the G20 and EU — and reform export strategies.
Inter-Korean peace efforts will resume, with an emphasis on denuclearization and military tension reduction. Lee supports maintaining a strong US alliance while advocating for wartime operational control return.
Additional policies include climate diplomacy, diaspora protection and supply chain safeguards. A broader diplomatic footprint will be realized through the upcoming APEC event in Gyeongju, strengthening ties with major countries in economic security.
National safety and public health
To ensure public safety, Lee proposed strengthening crime prevention, disaster response and medical access. Measures include cracking down on violent crime, expanding victim protection, and improving traffic, construction and aviation safety.
On health care, Lee aims to resolve medical service gaps through better compensation, workforce expansion and a nationalized emergency response system. He supports telemedicine and improved care access for older adults and vulnerable individuals. A public dialogue-based health reform committee is suggested to address system sustainability and reduce insurance burdens, while reinforcing public trust in medical institutions.
Sejong, regional empowerment
Lee pledges to complete Sejong's status as the administrative capital by building a National Assembly annex and presidential office in the city, which is about 110 kilometers south of Seoul.
Lee said he would push for the complete relocation of these institutions in the long term and make Sejong the nation's official capital.
He will decentralize national growth through the '5 Megaregions and 3 Special Autonomous Provinces' strategy, boosting infrastructure and local autonomy.
The plan includes expanding regional rail networks, encouraging strategic industries in each region and easing dominance focused on capital-region universities.
A labor-respecting society
Lee commits to building a society where all workers' rights are protected, whether regular employees, freelancers or platform laborers.
Legislative changes will guarantee union rights for subcontractors and improve wage fairness via an earnings distribution system.
Occupational safety, particularly for high-risk jobs, will be a priority, along with broader workers' compensation coverage. Gender equality in public institutions and reduced working hours to 4.5 working days a week are also on the agenda.
Rights of workers in cultural sectors and disability access laws will be reinforced to foster an inclusive, fair labor environment that values human dignity.
A country where all generations thrive
To ensure a dignified life across all generations, Lee pledged to expand income support systems, ease living costs and strengthen welfare.
He said he will raise the child funding age to 18, expand housing and tax benefits, and increase access to caregiving services, especially for the elderly and people with disabilities.
Educational equity will be pursued through stronger public schooling and reduced private tutoring reliance. For youth, housing aid, job training and savings programs will be expanded. Measures for rural, single-person and single-parent households also aim to create a more equitable and secure society.
Overcoming low birthrate, aging
To tackle Korea's demographic crisis, Lee proposed boosting birth rates and care for older adults through targeted welfare. Policies include increased child care tax credits, subsidies for extracurricular activities and special housing for newlyweds.
He promised that public day care and after-school programs will be expanded, and disability-inclusive care systems will be established.
For aging populations, the government will support senior-friendly housing, improve dementia care and expand community-based medical services
He also proposed aligning retirement and pension eligibility through expanding retirement age and reforming the housing and pension system to guarantee income security in the later phase of life.
Active climate response
Lee pledged aggressive action on climate change through carbon reduction and green energy expansion. South Korea will set ambitious emission targets and revise its Carbon Neutrality Framework Act.
He aims to shut down coal plants by 2040, expand solar and wind power, and invest in smart grids and energy highways. Industries will receive support to transition to low-carbon practices, with incentives for clean tech innovation.
Other initiatives include green remodeling, EV adoption and eco-friendly agriculture. Biodiversity restoration and plastic reduction will also be prioritized, alongside plans for a 'just transition' in vulnerable communities.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Lee, Trump agree to meet soon, tee up golf for alliance: Seoul
Lee, Trump agree to meet soon, tee up golf for alliance: Seoul

Korea Herald

time8 hours ago

  • Korea Herald

Lee, Trump agree to meet soon, tee up golf for alliance: Seoul

South Korean President Lee Jae-myung and US President Donald Trump agreed to meet as soon as possible — and play a round of golf — with Trump inviting Lee to visit the US, Seoul's presidential office said. The first phone call between Lee and Trump occurred around 10 p.m. Friday, two days after Lee was officially inaugurated as president on Wednesday, following his confirmed victory in Tuesday's early presidential election. The 20-minute phone conversation drew heightened attention in Seoul as the alliance faces a laundry list of pending issues on multiple fronts, from security to trade. 'The two presidents agreed to work toward reaching a tariff agreement between the US and South Korea that would be satisfactory to both countries,' said Kang Yu-jung, the presidential spokesperson, in a written statement. To that end, Lee and Trump agreed to 'encourage tangible results from the working-level negotiations.' Seoul and Washington have been engaged in working-level negotiations ahead of the expiration of a 90-day self-imposed moratorium on Trump's reciprocal tariffs, which are scheduled to take effect for each country on July 9. The deadline set by the Trump administration for all US trading partners to submit their best offers on a trade deal expired Wednesday. According to Lee's office, 'President Trump invited President Lee to visit the US, and President Lee responded that he hopes to meet and consult frequently with the US as part of their special alliance.' 'The two presidents agreed to meet at the earliest possible time — either on the sidelines of a multilateral meeting or on the occasion of a bilateral visit — to further discuss the development of the alliance," the statement added. Notably, the presidential office in Seoul disclosed that Lee and Trump 'introduced their respective golfing skills and agreed to play a round for the alliance whenever possible.' Trump and Lee could meet on the sidelines of two multilateral events in June. The first is the G7 Summit in Alberta, Canada, on June 16–17, 2025, if South Korea is invited as an observer state and decides to attend. The other opportunity is the upcoming NATO Summit in The Hague on June 24–25, which South Korea has been invited to as one of four Indo-Pacific partners alongside Australia, Japan and New Zealand. Lee's office highlighted that the call between Lee and Trump was conducted with a 'friendly and informal atmosphere.' 'The two presidents also shared various anecdotes and experiences from their presidential campaigns, particularly concerning the risks of assassination and the political challenges they faced,' the presidential office said. 'They agreed that strong leadership comes from overcoming such difficulties.' The Korea Herald has learned that South Korea's Foreign Ministry sought to arrange the first phone call between the two leaders on Lee's inauguration day. However, the call occurred later than his predecessors. President-elect Yoon Suk Yeol held his first phone call with then-US President Joe Biden about five hours after his election on March 10, 2022. Similarly, President Moon Jae-in spoke with his US counterpart on the day of his inauguration, May 10, 2017, despite the absence of a traditional transition period following the early presidential election. Then President-elect Park Geun-hye held a phone call with US President Barack Obama two days after her victory on December 19, 2012. The protracted phone call drew criticism in Seoul, mainly from the opposition People Power Party — especially after the White House issued an unusual response to the presidential election, expressing US concern and opposition to "Chinese interference and influence in democracies around the world."

Political uncertainty falls below pre-martial law levels: BOK
Political uncertainty falls below pre-martial law levels: BOK

Korea Herald

time14 hours ago

  • Korea Herald

Political uncertainty falls below pre-martial law levels: BOK

The level of political uncertainty in South Korea has returned to levels seen prior to the martial law incident, following the recent presidential election, the central bank said Friday. According to data submitted by the Bank of Korea to Rep. Cha Gyu-geun of the Rebuilding Korea Party, the political uncertainty index stood at 1.5 as of June 4, the day after the election, in which Democratic Party candidate Lee Jae-myung defeated conservative rival Kim Moon-soo. The index, which had been around 0.4 in early December, spiked to a record high of 12.8 in mid-December, following former President Yoon Suk Yeol's surprising declaration of martial law on Dec. 3. Though the index rose slightly above 1 after the election, the BOK noted that such minor fluctuations are common in normal times and should not be interpreted as meaningful. The index is compiled by the BOK's research department by tallying the number of media articles that include both the keywords "politics" and "uncertainty" in their headlines or main text. It reflects relative values, with the long-term average from the beginning of 2000 set at zero, the BOK said. The previous record high was 8.8, recorded on March 17, 2004, following the passage of the impeachment motion against the late former President Roh Moo-hyun. The economic uncertainty index also fell to 1.2 as of June 4, a level similar to the 1.1 recorded on Dec. 3. The index had surged to 5.4 on Jan. 2 but gradually declined, reaching as low as 0.5 on May 15, the BOK said. "The political uncertainty that has weighed on the economy over the past six months is expected to ease significantly," BOK Gov. Rhee Chang-yong said at a press briefing last week. "Political factors are no longer having a meaningful impact on the won-dollar exchange rate." The Korean won had weakened sharply earlier this year, nearing 1,500 won per US dollar, largely due to the domestic political turmoil and concerns over the sweeping tariff measures under US President Donald Trump's administration. But it rebounded to its strongest level in about seven months Thursday, closing at 1,358.4 won per dollar. (Yonhap)

Bills to probe Yoon, wife pass National Assembly
Bills to probe Yoon, wife pass National Assembly

Korea Herald

time14 hours ago

  • Korea Herald

Bills to probe Yoon, wife pass National Assembly

Bill on suspected interference in investigation of Marine's death also passed; Presidential office says 'there is very little reason' to veto them The ruling Democratic Party of Korea-controlled National Assembly on Thursday passed contentious bills mandating special counsel probes into charges and scandals surrounding former President Yoon Suk Yeol and his wife, Kim Keon Hee. Three probe bills reintroduced by the Democratic Party were approved during a parliamentary plenary vote held in the afternoon. One pushes to launch a permanent special counsel to investigate 11 charges tied to Yoon's failed martial bid in December; another seeks to mainly investigate Kim's alleged inappropriate interference in the People Power Party's candidate nomination process in previous general and by-elections as well as her luxury bag scandal; the third looks into the allegations that the Yoon administration interfered in the military's investigation into a young Marine's death in 2023. All three bills were passed in a 194-3 vote with one abstention, in a package deal. The move came a day after President Lee Jae-myung, who was the Democratic Party Chair, was sworn into office. He won Tuesday's early election, securing 49.42 percent of the vote against his rival and People Power Party candidate Kim Moon-soo, who saw 41.15 percent. Lee was highly likely to approve and endorse the bills, as an official at the presidential office said, 'there is very little reason' to veto them, with all three 'receiving People's support,' in a press briefing after the plenary vote. People Power Party, which became the main opposition party on Wednesday, highlighted its party line against the passage of the bills ahead of the plenary vote. The majority of the party lawmakers boycotted all three votes. All three bills passed on Thursday had previous versions that were scrapped by former President Yoon's veto power. The bill mandating a permanent special counsel investigation against Yoon will look into 11 different charges tied to his martial law bid, including insurrection and military mutiny. The previous versions of the bill were vetoed and scrapped twice. The latest version expanded the scope of the charges from six to 11. Special counsel candidates will be nominated by the Democratic Party and the minor liberal Rebuilding Korea Party, from the parliament's side. The bill also eases regulations to access presidential archives. It lowers the threshold from the current approval needed from two-thirds of lawmakers or from a high court chief judge to three-fifths of the Assembly or permission from a district court chief judge. The bill concerning the first lady will look into her alleged role in a stock manipulation scandal as well as the inappropriate acceptance of a luxury bag from a Korean-American pastor and election-related scandals involving political broker Myung Tae-kyun. An amendment passed alongside the bills expands the scope of the number of assistant special prosecutors from four to seven and raises the cap on dispatched prosecutors from 40 to 60.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store