Jeon Han-gil, a former history instructor with far-right affiliations, has recently made headlines with his announcement regarding a fundraising initiative intended to support a 'second founding' of South Korea led by former President Yoon Suk-yeol. In a live broadcast, Jeon claimed that he aims to raise at least 10 billion won, with future goals potentially scaling the target up to 50 billion and 100 billion won. He couched this initiative in historical terms, comparing it to the issuance of independence bonds during the Korean provisional government’s efforts to fund the independence movement during Japanese occupation.

Jeon’s plans involve creating an organization, tentatively named the 'Committee for Founding Preparation', which aims to mobilize resources and support for a radical transformation of the country’s political landscape. He explicitly stated intentions to eliminate existing governmental and judicial branches, a declaration that has raised alarms among critics who warn that such rhetoric could incite insurrection. Jeon’s belief in the imminent collapse of the current administration purportedly due to election fraud fuels his ambition for this project, raising questions about the legality and potential ramifications of his plans.

The implications of Jeon’s initiative are manifold and troubling, especially considering the atmosphere of political division in South Korea. Many supporters of Jeon, who identify with right-wing ideologies, may view this push for a 'second founding' as a legitimate path toward restoring what they see as a corrupt political system. However, the extreme measures he proposes—dismantling essential state functions and institutions—could threaten the stability of the political order, evoke backlash from opposition groups, and contribute to further polarization in an already tense political climate. Overall, Jeon's fundraising campaign not only highlights significant ideological divides but raises urgent questions about the limits of political discourse in any democratic society.