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(Seoul=News1) Reporter Kim Min-ji = Kim Moon-soo, the People Power Party presidential candidate, raises his fist after announcing his policy pledge for ‘A Korea the Youth Desire’ in front of the Soratop at Cheonggye Plaza, Jung-gu, Seoul, on the morning of the 19th. May 19, 2025/News1 Copyright (C) News1. All rights reserved. Reproduction and redistribution, and use for AI learning are prohibited. /Photo=(Seoul=News1) Reporter Kim Min-ji,
, “The ‘Moonsoo Grand Fund’ for raising election funds for Kim Moon-soo, the People Power Party presidential candidate, reached its target amount in less than 20 minutes after launching.”,
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, ‘The People Power Party’s election campaign headquarters announced that the Kim Moon-soo Moonsoo Grand Fund, launched at 10 a.m. on the 19th, surpassed the target amount of 25 billion KRW in 19 minutes.’,
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, ‘Participation in the Moonsoo Grand Fund is open to all citizens who can apply for fund amounts after mobile phone identity verification and deposit the agreed amount into the issued virtual account. The minimum participation amount is 50,000 KRW, with further participation in increments of 10,000 KRW. The interest rate is 2.9% per annum, and the repayment date is scheduled for August 2025. Both the principal and interest of the fund will be repaid. However, in order to recover the investment, Candidate Kim must achieve a vote percentage of at least 15% in the presidential election.’,
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, “The party sent an announcement text about the release of the ‘Moonsoo Grand Fund’ to the members on the 16th. Participation is on a first-come-first-served basis until the target amount is reached.”,
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, ‘The party stated, “We are extending the operation beyond the target amount following the requests of those wishing to participate further,” and expressed, “We sincerely thank the citizens for their support.” They added, “We are well aware that the support you have shown is not just simple fund-raising but a sincere longing for victory in the presidential election,” emphasizing, “Candidate Kim Moon-soo will repay the public’s trust by conducting a fair election campaign using the clean funds provided by the citizens to secure a win in the presidential election.”‘,
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, “Similar examples of the ‘Moonsoo Grand Fund’ include Park Geun-hye’s ‘Promise Fund’ from the Saenuri Party and Moon Jae-in’s ‘Dandelion Fund’ from the Democratic Unity Party in the 2012 presidential election, as well as Yoon Seok-yeol’s ‘National Fund’ from the People Power Party in 2022.”,
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, ‘The achievement of the target amount for the Moonsoo Grand Fund is recorded as the fastest time. Previously launched funds for presidential candidates reached their target amounts in about an hour.’,
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, “Meanwhile, the Democratic Party planned to release a 35 billion KRW ‘Lee Jae-myung Fund’ to raise election expenses for candidate Lee Jae-myung on the 20th-21st but canceled the plan. They decided it would pose a serious problem if someone impersonated the party and solicited the fund, potentially appropriating the money.”, ‘article_split’,