Prime Minister Jeong: "Increase Female Representation in Public and Private Sectors... Contributing to Organizational Productivity"

Prime Minister Jeong Sye-kyun

[Asia Economy Reporter Kwangho Lee] Prime Minister Chung Sye-kyun said on the 12th, "We must increase women's representation in both the public and private sectors. In particular, women's participation in senior positions will contribute to enhancing organizational productivity."

On the same day, Prime Minister Chung chaired the 10th Gender Equality Committee meeting held at the Government Seoul Office and stated, "In advanced countries, there are survey results showing that companies with a higher proportion of female executives have a 36.4% higher profit margin."

The Gender Equality Committee is a committee under the Prime Minister that deliberates and coordinates important matters related to gender equality policies. The Prime Minister serves as the chair, the Minister of Gender Equality and Family as the vice-chair, and ten experts from various fields participate as private members.

At the meeting, the committee discussed the "3rd Basic Plan for Promoting Economic Activities of Women with Career Interruptions" and the "2020 Gender Equality Policy Implementation Plan."

Prime Minister Chung mentioned, "Expanding women's social participation is very important not only for individual self-realization but also for the economic vitality and gender equality of our society, which is entering a super-aged society."

He also pointed out, "Although the government has made various institutional improvements so far, we have not yet reached the level of advanced countries."

Prime Minister Chung emphasized, "We need to check whether systems such as parental leave and reduced working hours are properly functioning in the field, and follow up with supplementary measures. Women with career interruptions should be able to find quality jobs when re-employed."

He added, "With the advent of the 4th Industrial Revolution era, many changes are expected in jobs. We must strengthen customized specialized programs to enhance job competencies according to new industrial demands and expand employment opportunities."

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