* Date : 2018-09-04
The Moon Jae-in government's economic policies have become the focal point of heated debate in recent weeks. On August 17, Statistics Korea released the country's monthly job report for July, which was followed by heavy criticism of the current administration by some circles of the media and political opposition. The job report showed that employment had fallen off a cliff compared to the same period last year, while income disparity had widened. This has raised serious questions regarding the feasibility of President Moon's income-led growth policy drive. Income-led growth is based on the idea of stimulating consumption and investment, and thereby the overall economy by bolstering household disposable income. However, the policy has come under fire over suspicions that the government's recent minimum wage hike had only resulted in raising unemployment. Can President Moon's income-led growth initiative survive this latest crisis? Are there any lessons that can be gleaned from countries abroad? In this week's edition of Foreign Correspondents, we sit down with our panel of journalists to discuss President Moon's economic policies in more detail.
Thomas Maresca, Journalist / USA Today
Fabian Kretschmer, Journalist / Deutsche Welle
Frédéric Ojardias, Journalist / Radio France Internationale