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Minjoo Party

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Minjoo Party’s policies on economic issues

These issues below are sorted in descending order based on how important the average Korean [people] voter ranked them on the quiz.

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the Economy  ›  Minimum Wage

Should the government raise the national minimum wage?

MP>MP  ChatGPTYes, and adjust it every year according to inflation

the Economy  ›  Government Spending

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

MP>MP  ChatGPTNo, increase taxes on large multinational corporations instead

the Economy  ›  Free Trade

Should Korea pursue free trade deals with other countries?

MP>MP  ChatGPTYes, but only if strong protections for our national resources and workers are enacted with each trade deal

the Economy  ›  Tech Monopolies

Should the government break up Amazon, Facebook and Google?

MP>MP  ChatGPTNo

the Economy  ›  Economic Stimulus

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

MP>MP  ChatGPTYes, the government should intervene to boost a recovery

How similar are your political beliefs to Minjoo Party’s policies? Take the political quiz to find out.

the Economy  ›  Corporate Tax

Should Korea raise or lower the tax rate for corporations?

MP>MP  ChatGPTIncrease for large multinational corporations but lower for small businesses

the Economy  ›  Universal Basic Income

Do you support a universal basic income program?

MP>MP  ChatGPTYes, everyone should receive an income to cover basic necessities including food and housing

the Economy  ›  Government Pensions

Should pension payments be increased for retired government workers?

MP>MP  ChatGPTYes, adjust them yearly for cost of living

the Economy  ›  Domestic Jobs

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

MP>MP  ChatGPTYes

the Economy  ›  Welfare

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

MP>MP  ChatGPTFewer, and ensure benefits go to those that need it most

the Economy  ›  Tariffs

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

MP>MP  ChatGPTNo, a global free trade system is better for our businesses and consumers

the Economy  ›  Welfare Drug Testing

Should welfare recipients be tested for drugs?

MP>MP  ChatGPTNo

the Economy  ›  Offshore Banking

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

MP>MP  ChatGPTNo, too many wealthy citizens are abusing loopholes in offshore banking laws to evade taxes

the Economy  ›  State Ownership

Should the government acquire equity stakes in companies it bails out during a recession?

MP>MP  ChatGPTYes, the government should receive equity for any financial aid they provide to companies