People Power Party slams government, calling it 'one that abandons its people'

South Korea's People Power Party has sharply criticized the current administration, labeling it a "government that abandaves its people" over its economic policies, particularly concerning the stock market and housing for young adults. Party leader Jang Dong-hyuk asserted that young Koreans are losing their dreams and assets in what he described as a "gambling den" created by the government's stock market policies.

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Our young people are losing their dreams and assets in the gambling den created by this administration.

Jang specifically pointed to the introduction of single-stock leveraged ETFs as a primary driver of the volatile KOSPI index, suggesting that only President Lee Jae-myung could have ordered such a policy and calling for a special investigation. He also condemned the government's decision to abolish supplementary investigation rights, noting that 62.5% of the public opposed it, and President Lee's alleged statement that he had "never read the bill."

Floor leader Jeong Jin-seok further attacked the government's housing policies, questioning how the president could discuss the burden of marriage when basic conditions like assets and housing for young people are being undermined. Jeong also derided a proposal by a Democratic Party lawmaker for "abandoned bus housing" for youth as a "mockery" rather than a policy. He criticized the president's "out-of-touch leadership," citing the swift reversal of the ISA tax reform plan after backlash from retail investors, which led to the president reprimanding officials for insufficient review.

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This policy is not a policy, but a mockery of the youth.

The party also voiced concerns over the proposed integration of military academies, stating that 55% of the public opposes it. Jeong highlighted the president's justification for pushing the 육사 (Korea Military Academy) 폐지 (abolition) to prevent a coup, a statement that has drawn criticism for its perceived lack of substance and divisive nature.

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The president's out-of-touch leadership, criticizing public officials live on air, is also a problem.