English

NRI Indicts S. Korean Regime for Worst Destitution, Economic Bankruptcy

Pyongyang, April 20 (KCNA) — The National Reunification Institute released an indictment Thursday revealing the people’s destitution and catastrophic economic situation in south Korea that have reached the worst under the traitorous regime in south Korea which is again challenging the public desirous of new society and new politics.

Noting that the Park Geun Hye group ruthlessly pushed the people into destitution through traitorous politics and murderous misrule, the indictment said:
The number of the unemployed now stands at more than 4.5 million, 23.3 percent increase from that in the first year of Park’s office, and that of the underemployed stands at 10 million and that of jobless young people now hits the record high of 34.6%.
Traitor Park Geun Hye and her group caused the unprecedented big disaster in south Korea through misrule.
The ferry Sewol sinking case, in which more than 300 children were buried at sea, was not just an accidental disaster but a deliberate disaster entirely attributable to Park’s misrule.
MERS incident that followed the ferry case was also the man-caused disaster for which Park’s unpopular rule is to blame.
Foreign multi-national businesses and puppet conglomerate businesses keen on money-making sold off massive disinfectant containing poisonous chemical substance at connivance of the Park Geun Hye group, causing huge casualties.
South Korea now tops the world’s list of suicide.
According to underreport made public by the puppet authorities, the number of suicides far surpassed 60,000 for four years under Park’s rule.
The indictment disclosed how south Korea has suffered economic slump due to Park’s despicable sycophantic treachery and extreme corruption and incompetence.
Under Park’s rule dependence on foreign trade reached over 70 percent and more than 60% of total capital in financial market has been maintained by foreign capital including that of the U.S., evidence of lamed economic structure typical to south Korea.
“State debts” hit the record high of 1,170 billion U.S. dollars.
The number of bankrupt big businesses has increased by 37 percent as against 2012, more than 2,000 minor businesses taking part in the production of exports collapsed en masse and over 90,000 manufacturing businesses also went insolvent.
During its office the Park group rendered the south Korean economy moribund through sycophantic economic policy beneficial to outsiders only.
The pro-plutocratic policy pursued by Park and her group is also one of the reasons behind the economy depression in south Korea.
According to official data, Park extorted 43.3 billion won from Samsung in conspiracy with sharman Choe Sun Sil to meet her selfish interests and was bribed stupendous amount from other big businesses like Hyundai Motors, Lotte and SK under various excuses such as special pardon and cancelled investigation into tax affairs.
Economic outsider Park and her group pursued unrealistic “stimulating economic policy”, one of major reasons that pushed the south Korean economy to ruin.
The south Korean economic stagnation has reached the extremes due to the Park group’s hideous moves for escalating confrontation with the fellow countrymen.
It is quite natural for the south Korean media and experts to complain that “all but mines are ahead economic field and troubles from within and without are overlapped and economy is pushed to the brink due to Park Geun Hye regime”.

Image credit: https://www.flickr.com/photos/sheridansofasia/6044855426/

Related posts: