Former Korean Finance Minister Kim Dong-yeon officially announced Wednesday he will run in the presidential election slated for March as an independent.
"We can create a nation where opportunities flow like a river if we can collect our strength with the people," Kim said in a pre-recorded speech announcing his presidential candidacy uploaded on YouTube.
https://www.youtube.com/watch?v=3qG6U1Sm0Lo
Calling for a change of today's political and power establishments, Kim stressed the need to completely overhaul the nation into a "republic of opportunities" from what he described as the current "republic of the privileged."
The former minister described his campaign as a "political startup," asserting that he envisions amending the Constitution to scale down the power and authority of the presidency, limit consecutive terms of legislators and introduce a recall election system to strengthen people's power over elected officials.
Having served as a life-long bureaucrat, mostly in economy and budget-related areas, Kim was President Moon Jae-in's first finance minister from June 2017 to December 2018.
He resigned after reportedly clashing with senior presidential aides over the administration's income-led growth policy.
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