The main opposition Minjoo Party of Korea says it will create 700-thousand jobs for young people as part of the camp's chief election pledges to revive the economy.

The Minjoo Chairman Kim Chong-in on Wednesday announced the party's chief economic pledges for the April 13th general elections, which also include fostering new industries for the country and making the middle class account for 70 percent of the whole population, by way of relieving polarization.

Criticizing the ruling Saenuri Party for showing no remorse about its failed economic policies over the past eight years, Kim pointed out that politics should change to fuel the economy.

Kim also pounced on the ruling party’s conglomerate-friendly economic policies, saying that the Saenuri tried to justify such tactics by insisting they will eventually help ease youth unemployment. He said the policies ended up raising youth unemployment to a record high level.

Meanwhile, Kim was confident about achieving another economic pledge, which is to raise the monthly amount of basic pension funds for senior citizens to 300-thousand won. He said the party is capable of funding the budget.