People Power Party Holds Policy Debate, Seeks Ways to Boost Economy
People Power Party Holds Policy Debate, Seeks Ways to Boost Economy
On October 27, 2025, the People Power Party held a policy debate to explore ways to revitalize the economy and engaged in in-depth discussions. This debate focused on securing practical economic growth engines and creating momentum for the national economy amidst growing uncertainties in the recent domestic and international economic landscape. Key agenda items included alleviating difficulties for small business owners and the self-employed, creating jobs for the future of the younger generation, and regulatory reform to improve the long-term economic structure. The debate was attended not only by members of the party but also by economic experts, academics, and business leaders who exchanged various opinions and made policy proposals. The People Power Party announced that it plans to comprehensively review the various opinions presented at this debate, concretize effective policies, and actively promote them to be reflected in government policies. These efforts are expected to overcome the stagnant economic situation and bring positive changes that can provide practical help to people's lives.
In particular, the debate involved an in-depth analysis of the challenges and opportunities facing the Korean economy in the rapidly changing global economic environment. Participants expressed concerns about the negative impacts of complex factors such as the U.S. interest rate hikes, China's economic slowdown, and the Russia-Ukraine war on the Korean economy. At the same time, they discussed ways to leverage new economic trends such as digital transformation, the growth of the eco-friendly energy industry, and the advent of an aging society as opportunities. Furthermore, participants agreed that the government's active role, along with the private sector's innovative efforts, is essential for economic revitalization. To this end, it was suggested that the government should improve the investment environment for companies through bold regulatory reforms and encourage innovative activities by expanding tax support. It was also emphasized that the private sector should contribute to creating new growth engines and quality jobs through active investment and technology development. The People Power Party plans to work closely with the government to establish and promote specific policies for economic revitalization based on these discussions.
Various specific policy measures for economic revitalization were also presented at this policy debate. Support measures for small business owners and the self-employed included expanding policy funds to ease interest rate burdens, limiting rent increases, and lowering online platform fees. Job creation measures for the younger generation included expanding support for youth entrepreneurship, strengthening job training, and establishing a fair hiring culture. Regulatory reform measures to improve the long-term economic structure included easing regulations in new industries, eliminating unnecessary administrative regulations, and promoting the data economy. In particular, participants emphasized the need to ease regulations on data utilization in line with the digital transformation era and to expand investments in cutting-edge technology fields such as artificial intelligence, big data, and cloud computing. It was also suggested that the government should support the growth of the eco-friendly energy industry by expanding the proportion of renewable energy generation and strengthening support for technology development to improve energy efficiency. The People Power Party plans to concretize these policy measures and work with the government to achieve practical results.
Meanwhile, the debate also positively assessed the recent Korea Exchange's opening ceremony for the Korea Overnight Financing Repo Rate (KOFR)-based Over-the-Counter Derivatives (OIS) central clearing service. Exchange Chairman Chung Eun-bo mentioned that central clearing of KOFR OIS transactions will strengthen transaction stability, and Capital Market Research Institute President Kim Se-wan assessed that the launch of the KOFR OIS central clearing service is an important milestone in the development of financial market infrastructure. In addition, news was shared that the Korea Securities Depository announced that domestic investors' foreign currency securities holdings in the third quarter increased by 19.4% from the previous quarter to ₩315.4409 trillion. Foreign currency securities settlement amount was ₩287.5344 trillion, and it was also mentioned that the United States accounted for 80.7% of foreign currency securities holdings, and Tesla ranked first in foreign currency stock holdings. There was hope that these positive movements in the financial market could contribute to economic revitalization. The People Power Party stated that it will continue to promote policies for the stability and growth of the financial market in the future.
