South Korean Politics Sees Internal Party Discord

The People Power Party criticized the ruling party's housing policy, accusing them of stigmatizing citizens who cannot afford homes and punishing them with taxes after causing housing prices to surge. They questioned if the policy aims to suppress housing prices or punish homeowners. The Democratic Party defended the long-term housing holding tax credit, stating it was introduced to encourage long-term ownership and that its benefits have been skewed towards speculative holdings, leading to property lock-in. Seoul Mayor Oh Se-hoon warned of legal action against the ruling party's candidate for accusing public officials of acting as campaign subordinates. Political tensions are rising in South Korea over housing policy. South Korea's petrochemical industry is experiencing difficulties due to oversupply from China and the impact of Middle Eastern conflicts. The government is implementing policies to protect and foster this foundational industry, which is for the national economy. The sector includes cement, basic chemicals, and other chemical industries. Internal party conflict was observed, with one member stating that 'emergency measures are wrong' and that 'the people's power cannot be.' This led to a situation where the individual considered leaving the stage after putting down a microphone. Another remark was made about 'Donghyuk' during a congratulatory speech.