President Lee Jae-myung urged rapid passage of treasury stock cancellation legislation on Sunday, posting on X (formerly Twitter) that "the sooner the treasury stock cancellation bill passes, the better" and noting that "there is a mountain of work to do, including the stock price suppression prevention law."
President Lee initially posted that "the ruling party is doing its best," then edited the post to add his call for treasury stock cancellation legislation.
The president shared an article titled "Lee's Brazil Visit a Success, But Ruling Party's Support Lackluster... Internal Divisions Feared." The article conveyed concerns within the ruling camp that despite achievements from the Korea-Brazil summit, the ruling party's support has been weak and continued discord could amplify internal divisions.
Responding to such criticism, President Lee said "excessive worry is called unfounded concern" and that "the party should do its job, and the presidential office should do its job."
He added: "The president has never been put on the back burner, nor have I ever felt that way." He emphasized that "despite the opposition party's extreme resistance and various obstacles, the Democratic Party is doing its best to fulfill the mandate given by the people" and that "there is absolutely no shortage in reform legislation or government support."
However, President Lee noted: "As I always emphasize, what matters more than formality or ceremony is the results and achievements that people can feel. The ruling party doing its job well is the best government support."
While he drew a line against criticism of discord between the party and presidential office and praised the ruling party, his remark that "the ruling party doing its job well" carries significant implications given his repeated criticism of delayed legislation in the National Assembly. His addition of calls for swift treasury stock cancellation legislation after editing his post also appears to be a request for the ruling party's legislative support.
President Lee added: "Most companies accept it, and the public and shareholders welcome it—I cannot easily understand why there is such extreme opposition, even working through the night, though they may have their reasons. The days are short, and there is a long way to go."