Lee Jae-myung, Emergency Meeting with Economic Organizations... "Uncertainty Is the Biggest Enemy of the Economy"

Meeting with heads of Korea Employers Federation, Korea Federation of SMEs, and Korea Federation of Micro Enterprises
Lee emphasizes economy... Attempts to shape 'authorized party' image
Son Kyung-sik "Please strive to prevent spread of anxiety"

Lee Jae-myung, leader of the Democratic Party of Korea, has been emphasizing the 'economy' day after day. On this day, Lee held an emergency meeting by inviting economic and business organizations, including Sohn Kyung-shik, chairman of the Korea Employers Federation (KEF). This shows Lee's determination to resolve the economic crisis stably amid the aftermath of the December 3 emergency martial law situation.

At the 'Emergency Meeting of Economic Organizations' held at the National Assembly on the afternoon of the 12th, Lee said, "Uncertainty is the biggest enemy of the economy," and expressed concern, "Christmas and the year-end peak season are approaching, but even the small local markets seem to have become very difficult." He added, "From the perspective of the entire Korean economy, which has become closely connected internationally as it is now, we must minimize this uncertainty anyway, but it is not easy, so I think the business people on the ground are having a hard time." Attending the meeting were Chairman Sohn, Kim Ki-moon, chairman of the Korea Federation of SMEs, and Song Chi-young, chairman of the Korea Federation of Micro Enterprises.

Lee Jae-myung, leader of the Democratic Party of Korea, held an emergency meeting with heads of economic organizations at the National Assembly on the 12th and is guiding Sohn Kyung-shik, chairman of the Federation of Korean Industries (FKI). Photo by Kim Hyun-min

Lee also stated, "We will do our best to prevent the Korean economy from suffering great damage due to political instability," and "We are also preparing alternatives in our own way." He continued, "We are monitoring issues such as exchange rates, stock markets, and capital markets in real time, but it is true that they are very unstable," and asked, "Please convey many of the voices from the field." On the previous day (the 11th), Lee also mentioned the importance of the livelihood economy by launching an emergency economic countermeasure meeting within the Democratic Party.

Chairman Sohn said at the meeting, "I ask the National Assembly to make more active efforts so that anxiety does not spread further in our society and companies can invest and conduct business activities stably." Furthermore, he requested, "Please carefully review issues such as amendments to the Commercial Act or extension of the statutory retirement age, which could shrink corporate activities."

Song Chi-young, chairman of the Korea Federation of Micro Enterprises, said, "Along with special measures such as expanding local love gift certificates, increasing income deduction rates, and temporary tax relief, considering that the foundation of micro enterprises has been shaken by this incident, we also request that employment stability measures such as differentiated application of the minimum wage be devised." Kim Ki-moon, chairman of the Korea Federation of SMEs, also proposed that the economic sector participate in the emergency economic inspection meeting of the ruling party, opposition parties, and government (Yeo-Ya-Jeong) recently suggested by Lee.

This content was produced with the assistance of AI translation services.