What Has Plunged the Most in 5 Years and 8 Months Under the Lee Jae-myung Administration?

[Choice Times=Soo-Young Park, Member of the National Assembly, People Power Party]

South Korea’s industries—damaged under the Lee Jae-myung administration—are now showing it clearly in the numbers.

According to the National Data Office’sOctober Industrial Activity Report, overall industrial production fell–2.5% from the previous month and–3.6% year-on-year, triggering warning alarms across the economy. This marks thes teepest decline in 5 years and 8 months.

Most alarming is a 14.1% collapse in facility investment, signaling that businesses have given up hope.

Analysts point to the administration’s push for corporate tax hikes, the pro-labor illegal strike promotion bill, the “Stronger Fair Trade Act”, and other “anti-business legislation.” Add to that exploding national debt, reckless fiscal expansion, domestic market instability, soaring real estate prices, and persistent inflation—all contributing to widespread concern about policy-driven economic deterioration.

Construction performance (measured by completed work volume) plunged –20.9%, and–24.6% year-on-year, the sharpest drop since the IMF crisis. When construction freezes, the entire real economy trembles—from prime contractors and subcontractors to workers, material suppliers, and local businesses. Yet the Lee administration continues to cling to cash-handout populism.

Alarm bells over the government’s economic mismanagement are growing louder. Businesses and ordinary people alike say they are struggling to survive. In just six months of the Lee Jae-myung administration, the hard-earned legacy of South Korea’s industrialization is beginning to crumble.

#KoreanEconomyCrisis #IndustrialDownturn #LeeAdministration