First Roundtable Meeting Between Business and Labor Sectors Under Moon Administration... Cheongwadae Meeting on the 18th

President Moon Jae-in Invites Key Economic Actors to Cheongwadae for COVID-19 Response Discussion... "Sharing Economic Situation Awareness, Determination to Overcome Emergency Economic Conditions"

[Asia Economy Reporter Ryu Jeong-min] For the first time since the inauguration of the Moon Jae-in administration, a roundtable meeting bringing together all economic actors, including the business and labor sectors, will be held. This is a gathering of major economic stakeholders at the Blue House to seek joint responses related to the novel coronavirus infection (COVID-19).

Han Jeong-woo, the Blue House Press Secretary, stated on the 17th, "President Moon Jae-in will hold a roundtable meeting on the morning of the 18th by inviting the major economic actors of our economy," adding, "The roundtable meeting with major economic stakeholders is arranged as an occasion where all key economic actors attend to share their understanding of the current economic situation caused by COVID-19 and to reaffirm their determination to overcome the emergency economic situation."

Previously, President Moon continued efforts to communicate with the business sector to find solutions for COVID-19. On February 13, he held a meeting with the six major groups at the Korea Chamber of Commerce and Industry. On February 21, he held a meeting with the domestic consumption and retail sectors.

[Image source=Yonhap News]

Last year, he met with various economic actors to discuss measures to revitalize the economy. On January 7 last year, he held a dialogue with small and venture business owners; on January 14, a dialogue with large and medium-sized enterprises; on February 7, a meeting with innovative venture entrepreneurs; on February 13, a dialogue with self-employed and small business owners; on March 28, a dialogue with foreign-invested companies; on April 3, a meeting with senior figures in the business community; and on July 10, a meeting with key economic figures regarding Japan’s export regulations, among others.

The Blue House intends to use this roundtable meeting as a momentum to resolve COVID-19. Press Secretary Han explained, "For the first time since our government took office, all economic actors?including the business sector, labor sector, small and medium enterprises, venture companies, small business owners, the financial sector, households, political circles, and economic ministries?will gather in one place to openly discuss ways to overcome the current emergency economic situation."

Han added, "In particular, all participants will be given the opportunity to speak. Government officials will speak only if necessary, and the meeting will focus on the remarks of the participants." He said, "This roundtable meeting is expected to be the first step in a nationwide response to overcome the emergency economic situation through broad discussions such as dialogue and cooperation among all economic actors in preparation for the global economic shock."

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