If the party wants to gain political scores through such a combative stance, it will backfire.
President Yoon Suk Yeol is in crisis after the Democratic Party slashed the entire budget of 8.2 billion won ($5.8 million) for the presidential office for next year and prepares to impeach top prosecutors.
The Yoon administration must embark on a strong battle against stifling regulations.
Korean battery makers are trading lower Tuesday morning after Tesla announced massive job cuts amid declining sales.
The government has extended the fuel tax cut to the end of June as oil prices fluctuate with escalating tension in the Middle East.
The PPP must not brush off people’s growing demand for reinvention of the party.
Korea will extend the tax cut on fuel consumption by another two months as geopolitical uncertainties in the Middle East impact global oil prices.
Due to a lack of legal grounds, populist tax spending cannot be stopped.
It is not appropriate for the government to maintain the shady tax to compensate the losses in tax revenue.
Korea JoongAng Daily Sitemap
