Jang Dong-hyuk targets Lee's 'AI declaration': 'Why go to the U.S. to say obvious things?'

Jang Dong-hyuk, leader of South Korea's People Power Party, sharply criticized President Lee Jae-myung's recent 'AI Summit Declaration' made during his visit to San Francisco. Jang dismissed the declaration as stating "obvious things" and questioned the necessity of the trip, particularly given what he characterized as the president's inability to effectively handle trade negotiations.

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Why go all the way to San Francisco to say obvious things?

"Why go all the way to San Francisco to say obvious things?" Jang asked on Facebook, adding, "While failing to properly handle even a single trade negotiation, why go to the United States?" He further lambasted the current administration's economic policies, pointing to the stock market's instability. "For 10 consecutive trading days, 'sidecar' (temporary suspension of program orders) has been invoked. Only the accounts of retail investors are being wiped out in the stock market casino created by the Lee Jae-myung administration," he claimed.

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While failing to properly handle even a single trade negotiation, why go to the United States?

Jang argued that the economy must be revitalized for the stock market to stabilize. "A hundred times, a thousand times I say, the stock market only thrives when the economy thrives. The stock market can only normalize when the economy normalizes," he stated. He stressed that "industrial structure reform and labor market reform are the paths to robustly grow our stock market."

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For 10 consecutive trading days, 'sidecar' (temporary suspension of program orders) has been invoked. Only the accounts of retail investors are being wiped out in the stock market casino created by the Lee Jae-myung administration.

He concluded with a harsh metaphor, suggesting that pouring public funds like the National Pension Service into the market to create a "stock market casino" ultimately harms the public. "No matter how much you read Buddhist scriptures to a deaf cow, it will not become Buddha. A cow that cannot understand words, it would be better to just eat it," he wrote, expressing extreme frustration with the administration's economic approach.

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A hundred times, a thousand times I say, the stock market only thrives when the economy thrives. The stock market can only normalize when the economy normalizes.