Thursday, August 7, 2025

Opposition Warns of Government Downfall Despite Legal Blockades

News1

On May 29, the Democratic Party’s floor leader, Park Chan Dae, stated, “Even if we managed to block the special prosecutor law, we wouldn’t be able to stop the government’s downfall.” He added, “The actions shown by the People’s Power Party at the last plenary session of the 21st National Assembly are a flare signaling the acceleration of the government’s downfall.”

During the Supreme Council meeting held at the National Assembly that morning, Park said, “Despite the defeat in the general elections, we learned no lessons, so our downfall is inevitable.”

Earlier, President Yoon Suk Yeol exercised his veto right, and the special prosecutor law for the Marine Corps was finally rejected with 179 votes in favor, 111 against, and 4 invalid out of 294 present. The special prosecutor law went through a re-voting procedure at the plenary session of the National Assembly on May 28.

In response, Park criticized, “If they hope for a political future despite opposing the overwhelming will of the people, it’s a big mistake.” He added, “As the saying goes If you respect the people, you thrive; if you scorn the people, you perish. The historical lesson is that those who go against people’s will, disappear into the back alley of history.”

Park also reaffirmed, “The Democratic Party will uncover the truth of the Marine Corps member’s death and the reality of the investigation’s pressure.” He added, “We will propose the Marine Corps special prosecutor law as a party policy in the 22nd National Assembly and push for its quick passage.”

During the previous plenary session, both the Lease Fraud Special Law and the Democratic Merit Law passed with the proposed amendments by the opposition party made to the former. There are expectations that these laws will also face a veto. Park warned Yoon, “Do not exercise your veto.” He added, “Continued veto exercises will only hasten the government’s downfall.”

Park also mentioned the Franchise Business Act and the Grain and Agricultural Act, which ultimately failed to pass, saying, “We will promptly push for these bills again in the 22nd National Assembly.”

Hot this week

U.S. Hits Chinese Graphite With 93% Tariff—Your Next EV Just Got Pricier

The U.S. imposes a 93.5% tariff on Chinese graphite, risking a $1,000 increase in EV prices as tax credits end and production costs rise.

Crypto Boom: XRP Soars After Congress Passes Stablecoin Bill

The Stablecoin Act has passed Congress, boosting crypto markets, with XRP hitting a new all-time high and regulatory clarity for stablecoins.

Market Panic? Rich Investors Saw a Bargain, Morgan Stanley Says

Morgan Stanley's profits surged as wealthy clients bought stocks during a market downturn, driven by Trump's tariff announcement.

Oil Prices Keep Dropping as Trade Fears Grow

Oil prices fell for the third consecutive day due to rising U.S. gasoline inventories and trade tensions impacting global demand.

Tesla and BYD Battle for Japan’s Electric Car Crown: Who Will Win?

Tesla and BYD aggressively expand in Japan's EV market, aiming to challenge local automakers amidst low EV adoption rates.

Topics

U.S. Hits Chinese Graphite With 93% Tariff—Your Next EV Just Got Pricier

The U.S. imposes a 93.5% tariff on Chinese graphite, risking a $1,000 increase in EV prices as tax credits end and production costs rise.

Crypto Boom: XRP Soars After Congress Passes Stablecoin Bill

The Stablecoin Act has passed Congress, boosting crypto markets, with XRP hitting a new all-time high and regulatory clarity for stablecoins.

Market Panic? Rich Investors Saw a Bargain, Morgan Stanley Says

Morgan Stanley's profits surged as wealthy clients bought stocks during a market downturn, driven by Trump's tariff announcement.

Oil Prices Keep Dropping as Trade Fears Grow

Oil prices fell for the third consecutive day due to rising U.S. gasoline inventories and trade tensions impacting global demand.

Tesla and BYD Battle for Japan’s Electric Car Crown: Who Will Win?

Tesla and BYD aggressively expand in Japan's EV market, aiming to challenge local automakers amidst low EV adoption rates.

Nvidia Stock Surges Past $170 After U.S. Clears China Chip Exports

Nvidia's stock surged over 4% after the Trump administration lifted export restrictions on H20 semiconductors to China.

Army’s New Shaving Rule Could Push Out Thousands of Black Soldiers

The U.S. Army's new shaving policy may disproportionately impact Black soldiers with shaving difficulties, raising concerns over its fairness.

Trump Slams Fed Chair Again, Demands Rates Below 1%

Trump criticizes Fed Chair Powell, insists interest rates should drop below 1%, claiming the economy is strong and inflation is nonexistent.

Related Articles