Park Jeong-hyeon, head of the transition committee for incoming Daejeon Mayor Lee Jang-woo, publicly stated that the city is facing a near-bankruptcy financial crisis. Park, a member of the Democratic Party, strongly criticized Lee during a press conference on July 22nd. He alleges severe mismanagement of city finances and warns of impending fiscal collapse without immediate action. The accusations center around the outgoing administration’s financial practices and their impact on the incoming mayor’s ability to govern. Lee’s camp has yet to issue a detailed response, but sources indicate they dispute the severity of the claims. This dispute sets a contentious tone as Lee prepares to take office, promising a thorough review of the city’s financial standing. The situation raises concerns about potential budget cuts and service reductions for Daejeon residents.