[KBS TV Debate] Sparks Fly over Economic Policies

Write : 2017-04-20 00:00:02 Update : 2017-04-20 11:13:40

[KBS TV Debate] Sparks Fly over Economic Policies

Anchor: Sparks flew again as the five major presidential candidates debated their economic and social policies. Their plans on tax, jobs and welfare diverged clearly.
Our Kim In-kyung has more.
Report: Asked by the moderator how they plan to achieve a fair tax system, Democratic Party presidential candidate Moon Jae-in and Bareun Party nominee Yoo Seong-min called for raising taxes and levying heavier taxes on high-income earners.
People’s Party candidate Ahn Cheol-soo and Sim Sang-jeung of the Justice Party stressed the need for equity and a progressive tax structure. Ahn said it is only fair that those who earn more pay a higher rate of taxes. 

The Liberty Korea Party's Hong Joon-pyo was the only candidate among the five major political candidates who vowed to lower corporate taxes in order to revive the business environment and increase jobs.
Moon came under heavy fire for his job creation plan.
Sim said laws passed under liberal presidents, of whom Moon is a descendent, created the current system where laborers are suffering from long hours and low wages.
Hong said Moon's pledge to expand the inter-Korean Gaeseong Industrial Complex will only increase jobs for North Korean youths.
Moon responded that if 200 South Korean businesses operate in the industrial park, some one-thousand-500 contractors in the South will be able to supply goods.
The national pension was also a hotly debated topic.
Yoo said Moon's proposal to raise pension allowances lacks the means for procuring funds.
Ahn asked Moon how he plans to boost the number of low-income pension holders.
Moon said a commission of experts will be able to come up with a solution.
Moon attacked Hong's decision to halt free meals at schools in South Gyeongsang Province and close a national medical center in one of its cities when he was a governor.
Moon also criticized Ahn's pledge to abolish the Education Ministry and said reorganizing the current school system was unrealistic. Yoo proposed enhancing the quality of public education.
Kim In-kyung, KBS World Radio News. 

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