Shin Won-sik “The Moon administration, 177 trillion won for 5 years… ‘Worst Hogang Diplomacy’”

2023-05-04 05:30:25

Criticism of “Mobilization of leading domestic conglomerates … All 70 billion won in results”
“Pro-North Korea and pro-China policies, large-scale investment to alleviate U.S. dissatisfaction” claims

People’s Power Rep. Shin Won-sik criticized the Moon Jae-in administration for disparaging the performance of the Yoon Seok-yeol administration, which attracted an investment of 8 trillion won after conducting diplomacy to give away $132.3 billion (about 177 trillion won) to the United States.

Photo = Yonhap News

In an article posted on Facebook on the 4th, Rep. Shin argued that former President Moon promised to invest in the US and purchase goods of this amount through five Korea-US summits during his last term. By year, it is $45.13 billion (about 59 trillion won) in 2017, $14.71 billion (about 19 trillion won) in 2019, and $72.5 billion (about 95 trillion won) in 2021. Here, it was written that major domestic conglomerates such as Samsung Electronics, Hyundai Motor Company, LG Electronics, SK, and Lotte were mobilized. In this process, he said that the only noticeable investment performance attracted to Korea was $52.5 million (about 70 billion won) of Cytiva, an American bio company, in 2021.

On the other hand, the Yoon Seok-yeol administration evaluated that it had attracted a total of 6.228 billion dollars (about 8.3 trillion won) in investment over the past year, even after promising to invest and purchase goods of about 18 billion dollars (about 23.1 trillion won) in the United States. Rep. Shin said, “Objective figures prove that it is the Moon administration that should be criticized,” and asked, “Why did the Moon administration, which valued China more than the United States, pay a huge amount of damage?”

Next, Rep. Shin pointed out that “the Moon regime has weakened the Korea-US alliance with its pro-North Korea and pro-China policies,” and “to borrow the expression of Representative Lee Jae-myeong to cover up the dissatisfaction of the United States, it is ‘the worst hogang diplomacy’.” .

Reporter Jo Byung-wook [email protected]

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