South Korean Prime Minister criticizes former government of Moon Jae-in: ``Economic management over the past five years was truly irresponsible''

South Korean Prime Minister Han Duk-soo said on June 6, "In some respects, the economy has been managed irresponsibly over the last five years."
Prime Minister Han, who attended the National Assembly's questioning of the government in the fields of foreign affairs, unification, and security,
Rep. Kim Kyung-hyup of the Democratic Party for the South Korean economy said, "Income-led growth has been abolished, domestic consumption has contracted, exports have declined due to the failure of diplomacy, inventories have piled up, and production and investment have declined.
In response to this, he retorted as before. Prime Minister Han said, “If we do things like the previous Moon Jae-in government, we will recover immediately.
) and lower interest rates regardless of inflation," he said, but emphasized, "We absolutely cannot do that."
He continued, ``Together with our people, we will endure this hardship and become a strong and respected country in the world in the medium to long term.''
We will make Japan a country with strong economic power, a country with a surplus in the international balance of payments, a country with high productivity, and a country with sound finances."
Rep. Kim said during a question-and-answer session, ``The failure of diplomacy by the Yun Seo-gyeol government
"This is exacerbating the failure of the economy," he said, adding, "Are there any economic indicators, such as exports, income, production, and investment, that are better than they were under the Moon government?"
In response, Prime Minister Han said, ``In the past five years, we have been dependent on over 400 trillion won (about 44.2263 trillion yen) in debt,
"International interest rates were almost zero," he said, "and now, with interest rates rising seven times and our country's debt exceeding 1,000 trillion won (approximately 110,565.7 billion yen), the international community is saying, 'We cannot afford to borrow any more.'
It's different from the situation where South Korea's creditworthiness has to be reconsidered if there is an increase in credit." He continued, ``I don't agree with a single bit of the pessimistic explanation about South Korea that (Rep. Kim) just gave.''
"Yes," he said.