Park Young-sun "Decision on Candidacy in January... Will Establish Protocol Economy and Subscription Economy Ecosystem"

[Image source=Yonhap News]

[Asia Economy Reporter Lee Ji-eun] Park Young-sun, Minister of SMEs and Startups, announced that she will decide whether to run for office in January. She plans to make the decision after completing the progress on support funds such as the Buttress Fund.

Minister Park appeared on BBS Radio's 'Park Kyung-soo's Morning Journal' on the 13th and said, "I will decide within January."

She emphasized, "Before announcing my candidacy, it is necessary to wrap up the progress of the SMEs and Startups Ministry's Buttress Fund and other related matters," adding, "We also need to establish a protocol economic foundation."

The protocol economy advocated by Minister Park is a system where economic agents gathered on platform economies set protocols (rules) to fairly distribute the benefits to those who contribute to economic growth. She cited Uber as a representative example.

She stressed the necessity of the protocol economy, saying, "The phenomenon of monopolization and the harm where only the strong survive are intensifying, so there is a need to supplement this. Just as modified capitalism emerged due to the drawbacks when capitalism was born in the past, we are currently in such a situation."

However, she emphasized that it differs from the profit-sharing system being promoted by the Democratic Party of Korea. Minister Park said, "The intention to prevent polarization is the same, but the methodology is quite different."

Minister Park also said she will focus on creating a subscription economy ecosystem. She said, "We are working to create an ecosystem so that small business owners can stabilize their sales by regularly delivering vegetables to each household online," adding, "I think we need to establish a certain foundation."

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