(EDITORIAL from Korea JoongAng Daily on Sept. 2)
The Korean administration's recent decision to reverse its stance on real estate taxes underscores the importance of listening to dissent and delivering concrete changes when seeking to restore public trust. President Lee Jae Myung accepted the resignation of presidential chief of staff for policy, Kim Yong-beom, following Lee's recent reshuffle of six Cabinet ministers.
The move came as Lee's approval rating hit new lows, prompting concerns about the administration's ability to navigate market turmoil and public dissatisfaction with real estate and tax reforms.
While replacing key economic officials is a necessary step, it is insufficient on its own to reverse public disillusionment. Without tangible changes to address citizens' concerns, the personnel overhaul may be seen as an attempt to escape a political crisis. The government's recent decision to maintain the basic deduction for the comprehensive real estate holding tax at 1.2 billion won and retain the 150 percent cap on annual increases in the tax burden demonstrates a willingness to consider citizen feedback and incorporate reasonable proposals into legislation and budgets.
Lee instructed officials to carefully consider the criticism and alternatives raised by citizens and the National Assembly, recognizing the importance of listening to the public. This policy failure highlights the need for the government and ruling party to treat it as a lesson for the administration's second year. The ruling party, with its overwhelming parliamentary majority, must also examine whether its decision-making structure allows for genuine internal dissent and democratic processes.
Ultimately, the Lee administration needs more than blind loyalty from officials. It requires individuals with the conviction and competence to challenge unreasonable policies and offer viable alternatives. By following through on these reforms and demonstrating a commitment to transparency and responsiveness, the administration can begin to rebuild public trust and overcome the obstacles that have hindered its progress.
Written by urgent.news from Yonhap News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.