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Democratic Party’s policies on economic issues



the Economy  ›  Taxes

Should South Korea raise taxes on the rich?

DP>DP  Party’s support baseYes

the Economy  ›  Minimum Wage

Should the government raise the national minimum wage?

DP>DP  Party’s support baseYes

the Economy  ›  Corporate Tax

Should Korea raise or lower the tax rate for corporations?

DP>DP  Party’s support baseRaise

the Economy  ›  Government Spending

Should the government make cuts to public spending in order to reduce the national debt?

DP>DP  Party’s support baseNo

the Economy  ›  Free Trade

Should Korea pursue free trade deals with other countries?

DP>DP  Party’s support baseYes, but only if strong protections for our national resources and workers are enacted with each trade deal

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the Economy  ›  Universal Basic Income

Do you support a universal basic income program?

DP>DP  Party’s support baseYes

the Economy  ›  Domestic Jobs

Should the government provide tax incentives to private companies to keep jobs within the country?

DP>DP  Party’s support baseYes

the Economy  ›  Economic Stimulus

Should the government use economic stimulus to aid the country during times of recession?

DP>DP  Party’s support baseYes

the Economy  ›  Government Pensions

Should pension payments be increased for retired government workers?

DP>DP  Party’s support baseNo

the Economy  ›  Welfare

Should there be fewer or more restrictions on current welfare benefits?

DP>DP  Party’s support baseMore

the Economy  ›  Bitcoin

Should the government classify Bitcoin as a legal currency?

DP>DP  Party’s support baseNo

the Economy  ›  Tariffs

Should the government add or increase tariffs on products imported into the country?

DP>DP  Party’s support baseNo, a global free trade system is better for our businesses and consumers

the Economy  ›  Welfare Drug Testing

Should welfare recipients be tested for drugs?

DP>DP  Party’s support baseNo

the Economy  ›  Offshore Banking

Should citizens be allowed to save or invest their money in offshore bank accounts?

DP>DP  Party’s support baseYes, as long as offshore income is reported