Son Kyung-sik, Chairman of the Korea Employers Federation, Meets Joo Ho-young: "Please Improve Regulations to Prepare for Post-Corona"

Son Kyung-sik, Chairman of the Korea Employers Federation, to Meet Joo Ho-young, Floor Leader of the Future United Party, at the National Assembly on the 25th

Joo Ho-young, floor leader of the United Future Party, and Sohn Kyung-shik, chairman of the Korea Employers Federation, are shaking hands before holding a meeting at the National Assembly on the 25th. Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Kim Ji-hee] On the 25th, Sohn Kyung-shik, Chairman of the Korea Employers Federation, visited Joo Ho-young, floor leader of the United Future Party, at the National Assembly and requested "to ease regulations in preparation for the post-COVID era."

On that day, Chairman Sohn told Floor Leader Joo, "If industrial shocks like those today become full-scale, uncertainty is growing as we do not know how long the crisis will continue," emphasizing the need to prepare for the post-COVID era.

According to Chairman Sohn, regulatory easing is the most necessary step for this. He said, "The first demand is to fundamentally improve regulations that restrict corporate creativity and challenges," and added, "It is necessary to improve various tax systems and rigid labor laws that impose excessive burdens on companies compared to competing countries to a global standard level."

Chairman Sohn emphasized, "Businesspeople are also committed to sharing the pain," and said, "Businesspeople will do their utmost with a heavy sense of responsibility to overcome the crisis and create opportunities for a new leap forward." He then urged, "The 21st National Assembly should actively step up to revive corporate investment vitality."

Meanwhile, during a private meeting following the opening remarks, Floor Leader Joo and Chairman Sohn exchanged opinions on the Labor Standards Act, including the 52-hour workweek system. It was reported that Chairman Sohn expressed the view that applying the 52-hour workweek system without exceptions is not desirable.

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