Oh Se-hoon, Lee Jae-myung's 'Equity Sharing Theory' Called "Right-Wing Shift but Actually Socialism"

'Let's Share 30% of the Shares' Idea Is Self-Destructive
Oh Se-hoon Criticizes Lee Jae-myung's Proposal as Undermining Investment Will
Questions Raised About the Feasibility of Corporate Growth Under Such Policies

On the 3rd, Seoul Mayor Oh Se-hoon criticized, "The idea proposed by Lee Jae-myung, leader of the Democratic Party of Korea, that 'if a company like Nvidia in the United States emerges, 30% of its shares should be distributed to all citizens' is a self-destructive idea that undermines the investment will, which should be the driving force for corporate growth."

Mayor Oh made this statement in a Facebook post titled "You said right-wing turn, but is this socialism?"

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Mayor Oh said, "Not long ago, he mentioned creating six companies like Samsung Electronics, but in 'Lee Jae-myung's country,' which completely fails to understand the principle of national prosperity created by companies and technology, neither Samsung nor Nvidia can emerge," adding, "If the government thinks this way, what creative entrepreneur would start a business in Korea that requires such large-scale investment?"

Earlier, in a YouTube talk video released by the Collective Intelligence Center of the Democratic Research Institute of the Democratic Party the day before, Lee assumed the emergence of a company like Nvidia in Korea and said, "If 30% of this company's shares are shared among all citizens, wouldn't a society come where we don't necessarily have to rely on taxes?"

In response, Mayor Oh said, "Although he verbally advocates for companies and the economy, his mind ultimately reveals a frightening basic social plan where the state exclusively manages corporate achievements," emphasizing, "He packages it as a 'right-wing turn' but actually wants to move toward 'socialism.'"

He then argued that a free environment for companies must be created for economic recovery. He said, "In a national crisis sinking into the swamp of low growth, such ideas that suppress entrepreneurship will only lead to a deeper recession," adding, "If you truly want to revive the economy, you should create an environment where companies can freely invest and innovate, rather than tightening restrictions on companies and strengthening state intervention."