The Democratic Party said it would prepare a plan to create a 50 trillion won 'National Fund' on the 6th to strengthen the competitiveness of domestic advanced strategic industries. The core idea is to establish a national participation fund targeting ordinary citizens, corporations, the government, and pension funds, with a focus on investing in stocks and bonds issued by domestic corporations.
Jin Seong-jun, the policy chief of the Democratic Party, disclosed these plans during a party policy coordination meeting on the same day, noting that "substantial tax benefits, such as income deductions or tax exemptions, will be provided for the amounts invested by ordinary citizens and corporations." The Democratic Party explained that the goal is to attract surplus funds from the market into domestic advanced strategic industries.
In particular, he stated that regulations would be established to encourage government policy finance and pension funds to invest in the fund at a subordinate level. Jin noted, "By burdensome certain investment risks, we will create conditions for ordinary citizens to participate more stably." He added, "Investing in the National Fund means that dividends will be taken by our citizens."
He also proposed an open debate with the People Power Party. Jin stated, "Regardless of political affiliation, I will request the policy chief of the People Power Party to discuss the format, method, timing, and location of the debate to foster core strategic industries vital to the nation's survival."
The Democratic Party's proposal for a 'National Fund' supports the earlier mention by leader Lee Jae-myung of creating a 'Korean-style NVIDIA sovereign and national fund.' Recently, Lee stated in a YouTube broadcast, "If a company like NVIDIA emerges in Korea and 30% of it is national equity, we shouldn't have to rely so much on taxes." There have been criticisms from within the ruling party, labeling it as a "socialistic idea."