Speaker Cho Jung-sik Visits KCCI: "Let's Create a Framework Connecting Voices from the Field to Legislation and the Budget"

Cho Jungsik: "Three Major Leap Projects Call for Bold, Preemptive Action"

Choi Taewon: "Legal and Institutional Frameworks Needed for New Technology Adoption and Investment"

On July 1, Speaker of the National Assembly Cho Jung-sik proposed establishing a framework to connect voices from the economic sector with the national budget through meetings between the National Assembly and the business community.

Speaker Cho stated, "As my first major external event after taking office, I chose to meet with the business community before anyone else," emphasizing, "There is a need for an active communication and collaborative system where the National Assembly and the economic sector work together to create solutions." He continued, "Rather than holding annual, ceremonial, or one-off meetings or simple greetings, I suggest that, together with myself—as the representative of the National Assembly—and Taewon Choi, Chairman of the Korea Chamber of Commerce and Industry, as well as you entrepreneurs, we establish a framework for collaboration that literally connects voices from the field to legislation, policy, and the budget."

Speaker Cho also expressed his commitment to supporting the business community by addressing their challenges through parliamentary diplomacy. He promised, "Whenever the business community faces difficulties or hardships in the field, the National Assembly will respond swiftly and actively reflect those concerns in our parliamentary diplomatic activities."

Regarding the 'Republic of Korea's Three Major Mega Projects for a Great Leap Forward,' Speaker Cho said, "During this period of great transformation, I believe these projects are a bold and preemptive response to help our country emerge as a leading advanced nation and to drive economic growth," adding, "The National Assembly should also play a role in supporting and backing these changes as a key pillar."

Speaker of the National Assembly, Jo Jung-sik (third from the left in the front row), and Choi Tae-won, Chairman of the Korea Chamber of Commerce and Industry, are taking a commemorative photo with key company participants at the Speaker-NCCI Economic Leapforward Meeting held at the Korea Chamber of Commerce and Industry in Jung-gu, Seoul, on the 1st. Photo by Yonhap News Agency

In his opening remarks, Chairman Choi Taewon stated, "Artificial Intelligence (AI) is changing not only the way industries operate and the rules of competition, but even the way we work," adding, "There is a rapid increase in attempts to utilize AI in the field to boost productivity. For this change to translate quickly into real growth, companies must ultimately be able to operate freely on the ground." He went on to stress, "As we introduce new technologies, invest, and foster talent, it is essential that the legal systems and environment are established in a timely manner so that decisions and execution are not delayed."

Chairman Choi particularly emphasized the importance of predictability in systems and regulations. He said, "What entrepreneurs find most difficult is not being told 'no,' but rather not knowing when something will be possible," explaining, "A predictable environment is not just for business convenience, but is also the foundation for preparing for the future. When laws and regulations are stable and well-defined, companies can look further ahead and move faster." He added, "I hope that the National Assembly and the business community can get even closer to the field and continue to meet and communicate more frequently going forward."

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