Lee: '3 Great Mega Projects' not for election support
Translated from Korean, summarized and contextualized by DistantNews.
At a glance
- South Korean President Lee Jae-myung stated that the "3 Great Mega Projects" were not initiated for political gain before the local elections.
- He explained that preparations for large-scale regional investment and development began after his inauguration, but progress was slow.
- Lee attributed the recent feasibility of these projects to a convergence of government investment in future industries like AI and a positive restructuring of the AI semiconductor industry.
South Korean President Lee Jae-myung asserted that the government's "3 Great Mega Projects" were not a political maneuver to boost his approval ratings before local elections. He argued that if the projects were solely for managing public support, they would have been launched earlier.
Lee explained that the administration had been preparing for large-scale regional investments and development since his inauguration, requesting cooperation from the business community. However, he noted that progress had been slow.
If the 3 Great Mega Projects were a political means for managing approval ratings, we would have done it before the election.
The president attributed the recent viability of these extensive regional investments to a confluence of factors. These include the government's focused investment policy in future industries, such as artificial intelligence, and a structural, long-term, and positive restructuring within the AI semiconductor industry.
"Approval ratings are important, but more important are achievements and results that improve people's lives," Lee stated. He likened approval ratings to the wind, which can come and go, be strong or weak, while emphasizing that results and achievements are like mountains, unchanging easily.
Approval ratings are important, but more important are achievements and results that improve people's lives. Approval ratings are like the wind, coming and going, strong or weak, but results and achievements are like mountains, unchanging easily.
Originally published by Dong-A Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.