Mention of Chinese AI Startup DeepSeek
"Our People Also Have Potential..."
President Yoon Suk-yeol has been indicted and detained on charges of leading a rebellion, while Park Ji-won, a member of the Democratic Party of Korea, claimed that "if Yoon Suk-yeol steps down, the people will live."
Democratic Party lawmaker Park Ji-won claimed, "If Yoon Seok-yeol steps down, the people will live." Photo by Yonhap News
On the 2nd, Park mentioned the Chinese AI startup company DeepSeek on Facebook, emphasizing that South Korea must keep pace. He evaluated DeepSeek by saying, "It caused the world's largest market cap company, Nvidia, to lose 84.67 trillion won in market value, dropping to third place," and added, "Even the proud Donald Trump acknowledged that it sounded an alarm for American companies." He further stressed, "China attracts overseas-educated talents back home under favorable conditions. It is even more important to create an environment where domestic 2030s can conduct research like DeepSeek."
However, regarding the current domestic situation, he assessed, "Parties that should be dismantled are lining up to support the rebel leader president and are running around detention centers and the Constitutional Court, producing nothing but loud noise. Whenever the president opens his mouth to say he did well, it’s a lie, and he says he will fight to the end," and questioned, "Can the economy thrive under these circumstances?"
He stated that only President Yoon Suk-yeol’s resignation can save the national economy. "Our people are also a nation full of potential. When excitement and enthusiasm rise, we can create a second DeepSeek or a third HBM," he said, adding, "If President Yoon steps down, the people will live. The people will be excited and enthusiastic."
Since last month's emergency martial law incident, gloomy forecasts have been piling up, suggesting that South Korea's economic growth rate will fall below the potential growth rate of 2.0% and approach 1%. The British economic analysis firm Capital Economics (CE) projected South Korea's economic growth rate this year at 1.1%, the lowest official forecast so far domestically and internationally. Recently, Citibank lowered its forecast from 1.5% to 1.4%, JP Morgan from 1.3% to 1.2%, and Morgan Stanley from 1.7% to 1.5%. Morgan Stanley pointed out that "South Korea will face domestic and external headwinds" while referring to the Trump administration's tariff policies. Some voices have even expressed concerns about stagflation (economic stagnation plus inflation) due to rising international oil prices and import costs.
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