Moon Era's 220 Trillion Won New Deal Program Stalls Out | September 29 2026 | Front Page Daily - 동영상 Dailymotion

Seoul Economic Daily

Korea's 220 trillion won Green New Deal program from the Moon administration is running into legal trouble and missed targets. Prosecutors have raided 78 sites and made four arrests investigating alleged irregularities in the 220 trillion won Green New Deal, with several flagship green-energy projects set to end next year without meeting performance goals. Separately, joining the CPTPP trade pact is projected to lift Korea's GDP by 0.38 percentage points over a decade, while farm and fishery compensation for affected sectors could reach roughly 300 billion won. Together, the stories highlight scrutiny of past stimulus spending alongside new trade tradeoffs ahead.  Sources: - Moon Era's 220 Trillion Won New Deal Faces Prosecutorial Scrutiny — Seoul Economic Daily, September 29, 2026 - CPTPP Membership Could Lift Korea's GDP by 0.38 Percentage Points — Seoul Economic Daily, September 29, 2026  About AI PRISM: AI PRISM is Seoul Economic Daily's WAN-IFRA award-winning newsroom AI series, delivering Korean economic news adapted for global audiences. Episodes are produced with AI assistance and reviewed by a human editor.  Tags: #KoreaNewDeal #GreenEnergy #CPTPP #KoreaEconomy #KoreaPolitics #KOSPI #AIPRISM #SeoulEconomicDaily #WANIFRA

Transcript

00:02한국의 경험을 통해

00:04당시에

00:05한국의 경험을 통해

00:07다음은 두십억 원의 경험을 통해

00:13한국의 경험을 통해

00:14과정에 대한 수강을 통해

00:16프로젝트를 구입한

00:17세계 세계 경험을 통해

00:212대 세계 경험을 통해

00:23세계 경험을 통해

00:24경험을 통해

00:25피해서도

00:26좌소 Crowns

00:27Prosecutors are investigating alleged budget irregularities

00:30tied to the New Deal program launched under the Moon administration.

00:34Multiple smart farm and renewable energy projects

00:37have failed to secure lasting demand.

00:39The investigation has expanded across dozens of related businesses and sites.

00:44Here's what the numbers show.

00:47220 trillion won, roughly $161.7 billion,

00:52$1 million is the total the Moon administration committed to the Green New Deal, starting in 2025.

00:58Prosecutors have raided 78 sites connected to the program and made 4 arrests to date.

01:04Several major green energy projects are scheduled to end next year

01:08after failing to hit performance and demand targets.

01:12Separately, joining the CPTPP trade pact is projected to raise Korea's GDP by 0.38 percentage points over 10 years,

01:21while farm and fishery damage compensation could reach 8,500 won per case and roughly 300 billion won overall.

01:30So what does this mean for global readers following Korea's economy?

01:34Earlier, we said prosecutors have raided 78 sites tied to the 220 trillion won New Deal program.

01:42Here's what that actually means for you.

01:44A signature stimulus program from the prior administration is now facing legal and performance scrutiny,

01:50just as budget accountability becomes a bigger political issue.

01:55The CPTPP growth estimate shows Korea weighing new trade gains against domestic costs, like farm compensation.

02:03Further indictments or arrests as the New Deal investigation continues.

02:08Whether stalled green energy projects find replacement funding or shut down.

02:13Progress on Korea's CPTPP membership talks and compensation payouts to farmers.

02:20That's today's AI Prism, Front Page Daily.

02:23This episode was produced with AI Assistants, based on Seoul Economic Daily reporting,

02:29and reviewed by a human editor.

02:31AI Prism is a WAN IFRA award-winning series.

02:35We'll be back tomorrow.

02:38We'll be back tomorrow.

Moon Era's 220 Trillion Won New Deal Program Stalls Out | September 29 2026 | Front Page Daily

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