President Moon: "Signing of the Tripartite Agreement, Labor Union KCTU's Absence Regrettable but a Meaningful Achievement" (Comprehensive)

Attended the Tripartite Commission Agreement Signing Ceremony... "Actively Reflecting Tripartite Commission Agreements in Policy"

[Asia Economy reporters Jeongmin Ryu and Seonhee Son] On the 28th, President Moon Jae-in attended the signing ceremony of the tripartite agreement held without the participation of the Korean Confederation of Trade Unions (KCTU) and urged overcoming the 'COVID-19' crisis through social grand compromise.

The Economic, Social and Labor Council (ESLC) held its 8th plenary session at a conference room in Jongno-gu, Seoul, on the same day and signed a tripartite agreement to overcome the COVID-19 crisis. This was President Moon's first visit to the ESLC.

President Moon said, "Today's signing of the tripartite agreement is a precious result achieved by economic actors each making concessions to overcome the economic crisis caused by COVID-19," adding, "Although it is regrettable that the KCTU did not participate, it is a very meaningful achievement." Regarding this, a Blue House official stated, "The ESLC participants plan to form a special committee soon to ensure the implementation of the agreed contents."

[Image source=Yonhap News]

President Moon emphasized, "Whenever the nation faces a crisis, our tripartite body has a historical tradition of coming together, showing solidarity, and cooperating to overcome the crisis," and added, "I have no doubt that today's agreement will also serve as a firm foundation to overcome the unprecedented COVID-19 economic crisis."

Through the full text of the tripartite agreement, the ESLC stated, "Ensuring that companies can firmly withstand the crisis and preserving even a single job has become the most important national task," and added, "We must establish a dense social safety net and build a solid response system against infectious diseases."

The tripartite agreement includes the roles of labor and management and government support measures to overcome the economic and employment crisis. It also contains content preparing for the 'post-COVID' era, such as strengthening the national quarantine system and expanding employment and social safety nets.

[Image source=Yonhap News]

President Moon said, "It is not only about overcoming the economic crisis. To maintain an inclusive society amid the revolutionary socioeconomic and job changes brought about by the increasingly digital economy in the future, social consensus and grand compromise are even more urgent. Today marks a new beginning," and added, "I hope the ESLC will take the lead in opening a new era where labor, management, and government coexist and cooperate."

President Moon pledged, "I hope this will start with faithful implementation of this agreement and lead to more advanced discussions. The government will actively reflect the matters discussed and agreed upon at the ESLC in its policies to the greatest extent."

Meanwhile, the meeting was attended by Moon Sung-hyun, chairman of the ESLC; Kim Dong-myung, chairman of the Federation of Korean Trade Unions; Sohn Kyung-shik, chairman of the Korea Employers Federation; Hong Nam-ki, Deputy Prime Minister and Minister of Economy and Finance; Kim Yoon-ja, honorary professor of international economics at Hanshin University; and all 15 members from labor, management, government, and public interest committees.

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