South Korea's presidential candidates prepare to face off in first debate ...Middle East

News by : (Daily Sun) -

Sunday's debate, the first of three TV debates scheduled over the next two weeks, will focus on how to revitalise the struggling economy, one of the hot-button election issues. Asia's fourth-largest economy contracted in the first quarter as exports and consumption stalled amid fears over the impact of Washington's aggressive tariffs and political turmoil at home.

Lee Jae-myung, the main opposition Democratic Party's candidate and the frontrunner in the race, has vowed to raise artificial intelligence investment up to 100 trillion won ($71.52 billion) and offer a production tax credit of up to 10% for semiconductors manufactured and sold domestically.

Lee holds a lead with 51% support in the latest Gallup Korea poll released on Friday, with Kim trailing far behind at 29%.

Lee called earlier in the day for constitutional reform to allow a four-year, two-term presidency and a two-round system for presidential elections through a referendum.

He also vowed to curb the presidential right to declare martial law and hold to account those responsible for the December 3 martial law declaration.

($1=1,398.1200 won)

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