The People Power Party unveiled a list of what it called the 10 core policy failures of the Lee Jae-myung administration ahead of the 2026 parliamentary audit of government agencies, signaling plans for tough scrutiny.
Lim Yi-ja, head of the party's policy committee, said at an audit strategy meeting held at the National Assembly in Yeouido, Seoul, on the 2nd that "in this parliamentary audit, we will hold the Lee Jae-myung administration accountable for its 10 policy failures and make sure we bring about a change in policy direction."
The 10 failures she cited include a botched housing policy that amounts to a tax bomb, a stock market turned into a gambling den by single-stock leveraged exchange-traded funds, a heavy-handed blanket survey of farmland, the security disaster involving land mines in the Demilitarized Zone, a reckless dismantling of the justice system through the abolition of supplementary investigative powers, and a future response fund that serves as the president's slush fund.
"What the public wants from the government is modest and clear," Lim said. "To worry less about grocery prices, to find jobs, to nurture the dream of buying a first home, and for families to live safely."
"Yet every policy the Lee Jae-myung administration has produced has brought nothing but severe pain and deep despair to the public," she said. "Why should blameless citizens pay the bill for policy failures with tears of blood?"
The party also plans to intensively question the negotiation process and the government's handling of U.S. investment projects stemming from the South Korea-U.S. tariff talks.
Lim criticized U.S. President Donald Trump's remarks suggesting that the two countries had reached an agreement on an Alaska liquefied natural gas project, saying the Trump administration "announced to the whole world that Korea had decided to hand over a $50 billion project that is still only at the review stage." She added that the government "was ambushed with a one-sided bill without having coordinated a single word with the United States in advance."
Chung Jom-sig, the party's floor leader, also called for a rigorous audit. "This parliamentary audit is about restoring truth, livelihoods and hope," he said. "The top priority is uncovering the truth about the so-called on-site inspection — that is, establishing the allegations of personnel manipulation and interference in state affairs by the Seongnam and Gyeonggi circles, including Kim Hyun-ji and Jung Jin-sang." The party also plans to scrutinize the government's housing policy, including issues surrounding homes in the greater Seoul area and the blanket survey of farmland.
