On the 27th, Lee Jun-seok, candidate of the Reform Party, and Lee Jae-myung, candidate of the Democratic Party of Korea, engaged in another verbal dispute over 'hotel economics.'

Candidate Lee Jun-seok criticized candidate Lee Jae-myung for questioning the source and ideological background of the 'Lucas critique' that he cited while explaining economic theories, demanding an apology before the public.

Lee Jun-seok, candidate of the Reform Party (above), and Lee Jae-myung, candidate of the Democratic Party, engage in a heated debate over 'Hotel Economics' during the discussion on the 27th. /Courtesy of News1

During the third TV debate among candidates for the 21st presidential election, candidate Lee Jun-seok asked, 'Do you know that the person you mentioned to defend hotel economics, Lee Jae-myung, was the editor of a German communist party's publication?' and criticized, 'It is inappropriate to introduce a communist philosopher as an economic theory to the public.'

He then asked, 'Does this candidate intend to apologize for the incorrect explanation?'

In response, candidate Lee Jae-myung argued, 'Do not apply a north-above frame to demonize me,' and noted, 'This example is merely a classical economic flow cited in a Bank of Korea booklet, and I have no interest in the critique's ideology.' He further stated, 'Distorting parts without seeing the overall context and exaggerating is not true debate.'

Candidate Lee Jun-seok pointed out, 'This candidate, while attempting to teach others during the debate, actually introduced a figure without knowing their background,' and added, 'With this attitude, the public cannot make a proper evaluation.' He proposed, 'To help the public understand better, I suggest an additional debate.'

Candidate Lee Jae-myung replied, 'I will think about it slowly,' avoiding direct answers. Since the presidential election is only a week away, this is interpreted as a refusal.

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