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The Democratic Party has appointed Lee Rae-kyung as the honorary chairman of the "Other Hundred Years" corporation to lead the party's innovation and renewal. CEO Lee Jae-myung said he would fully entrust the role and authority of the innovation organization.

I'm Minsung Chang.

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The Democratic Party has appointed Lee Rae-kyung as the chairman of the Innovation Organization, honorary chairman of the "Other Centennial" corporation.

[Lee Jae-myung, Representative of the Democratic Party of Korea: We will leave all matters regarding the name and role of the new innovation organization to the innovation organization.

Lee comes from the movement and has been involved in social activism in progressive civil society for more than 40 years.

He participated as a promoter of the National Federation of Democratic Youth Students and the People's Youth Party, and served as the first standing committee member, chairman of the Democratic Entrepreneurs' Conference, chairman of the steering committee of the Korean Peninsula Foundation, and honorary chairman of the civic organization "Ilchon Community."

He currently serves as Honorary Chairman of the Board of Directors of Another Centennial and Permanent Co-Chairman of the National Council of Sovereign Sovereigns.

In the run-up to the last presidential election, he joined with other intellectuals in declaring his support for then-candidate Lee Jae-myung.

The MDP has been preparing to launch a party-level innovation organization as its morality suffers a blow ahead of next year's general election due to the so-called "money bag allegations" and Rep. Kim Nam-guk's cryptocurrency controversy.

After deciding to launch an innovation organization at the general meeting of the legislators on the 14th of last month, the selection of the chairman was carried out for three weeks, and it is known that Chairman Lee ultimately failed the chairman.

Chairman Lee evaluated the significance of the launch of the Innovation Organization, saying, "[Lee Jae-myung,

Representative of the Democratic Party: I would like to ask many people and party members to join us in creating a new and bigger Democratic Party that is trusted by the people.]

Within the MDP, concerns have also been raised about Chairman Lee's past hard-line remarks, which have shown anti-American tendencies.

(Video reporter: Kim Hak-mo, Video editing: Chae Cheol-ho)