Seoul: The Democratic Party (DP) has made a significant move by pushing through a budget cut proposal in a parliamentary committee, marking an unprecedented event in South Korean politics. This decisive action has been noted across various major South Korean newspapers as the top headline. According to Yonhap News Agency, several Korean-language dailies have reported on this development. The Kookmin Daily highlighted the DP's maneuver as an "unprecedented move" in the parliamentary committee. Similarly, Donga Ilbo reported that the DP unilaterally passed the 2025 budget cut proposal, emphasizing the extraordinary nature of this action. In addition to the budget cut proposal, the JoongAng Ilbo reported that the DP has also railroaded impeachment motions against the state auditor, chief prosecutor, and pushed a special prosecution bill. This series of aggressive legislative actions has raised concerns about the potential impacts on governance and the economy. The Chosun Ilbo expressed fears that the South Ko rean economy might follow in Japan's footsteps, indicating a possible economic downturn. Furthermore, the Hankook Ilbo noted a 'triple shock' in major economic indicators such as production, consumption, and investment, which could pose challenges to economic stability. The Maeil Business Newspaper reported a freeze in Seoul apartment transactions in October, reflecting a slowdown in the real estate market. Meanwhile, the Korea Economic Daily shared a legal update, reporting the acquittal of Kolon Group Honorary Chairman Lee in an osteoarthritis treatment drug case, which has been a significant legal matter in the business community.