Have lunch box luncheon meeting with representatives of 6 economic groups… Call for bold abolition of economic regulations
The process of reorganizing labor-management relations and enacting various ‘pro-business policies’ is a mountain to be overcome
President-elect Yoon Seok-yeol greets before a luncheon meeting with the heads of six economic groups at the Office of the Presidential Takeover Committee in Tongui-dong, Jongno-gu, Seoul on the 21st. yunhap news
President-elect Yoon Seok-yeol met with the heads of major economic groups on the 21st and promised to actively support free management activities. The key to breaking through the global supply chain crisis and economic recession caused by the Ukraine crisis and the spread of COVID-19 is the belief that companies hold.
The representatives of the six economic groups also expressed their expectations for Yoon-elect, who has emphasized the autonomy of corporate management during the presidential election. Specifically, they asked for the repeal of various regulations that restrict business activities and to actively support companies’ R&D motivation.
Politicians predict that President-elect Yoon’s encouragement will promote active investment by companies, but they see it as a difficult task to persuade the National Assembly to resolve labor-management issues and legislate various ‘pro-business policies’.
President-elect Yoon had a luncheon meeting with the heads of six economic groups at the Office of the Presidential Transition Committee in Tongui-dong, Jongno-gu, Seoul on the same day.
First, President-elect Yoon said, “The government helps behind the scenes by creating infrastructure, and companies should take the lead in creating jobs and investing.” He expressed his will to actively support the business activities of the company.
In particular, President-elect Yoon emphasized, “It is the government’s job to remove ‘institutional obstacles’ so that companies can make decisions and invest more freely. It is an expression of the will to make the elimination of unnecessary regulations on business activities the new government-centered policy policy.
In response to the elected president’s support, the heads of economic groups also poured out suggestions such as strengthening investment and infrastructure in national strategic industries, improving the 52-hour work week, the Severe Accident Punishment Act, and improving the minimum wage system.
Taewon Choi, chairman of the Korea Chamber of Commerce and Industry, said, “We need to nurture strategic industries such as semiconductors, batteries, and biotechnology more boldly. did.
Sohn Kyung-sik, president of the Korea Employers’ Federation, also said, “Korea has higher corporate-related tax rates, such as inheritance tax and corporate tax, compared to competing countries, which lowers corporate investment motivation and job creation capabilities and threatens management stability. It should be lowered to the average level of the OECD) developed countries (inheritance tax 25%, corporate tax 22%).”
Heo Chang-soo, president of the Federation of Korean Industries, emphasized that “the major disaster punishment law that treats businessmen as potential criminals needs to be supplemented.” .
At the same time, Choi Jin-sik, chairman of the Korea Federation of SMEs, ordered to expand R&D and tax support for mid-sized companies, and Kim Ki-moon, chairman of the Korea Federation of Small and Medium-sized Enterprises, said, “In order to resolve the serious polarization between large enterprises and SMEs, profit sharing between large enterprises and SMEs must be achieved. do,” he said.
Politicians say that since the luncheon meeting is a place for exchanging goodwill at the level of a meeting, sensitive economic policy issues were not mentioned.
An official from People’s Power said, “In the economic realm, managers and workers are two axes, and the relationship between the next government and the labor community will not be smooth. also remain,” he said.
