Kim Jong-in "Serious Employment Issues... Labor Law Problems Must Be Resolved"

Urging the Government for In-Depth Review of Labor Laws

Kim Jong-in, Emergency Response Committee Chairman of the People Power Party, is attending the Emergency Response Committee meeting held at the National Assembly on the 18th and delivering an opening remark. Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Geum Bo-ryeong] Kim Jong-in, the Emergency Committee Chairman of the People Power Party, claimed that the employment problem under the Moon Jae-in administration is serious and that the fundamentally chronic labor law issues must be resolved.

On the 18th, at the Emergency Committee meeting held at the National Assembly in Yeouido, Seoul, Chairman Kim stated, "Recently, our country's employment problem is showing a serious trend."

Chairman Kim pointed out, "When this government first launched, it pledged to create jobs, even setting up a job status board in the presidential office to monitor jobs, but looking at the employment flow, the situation is worsening, and recently it is more difficult than during the IMF crisis."

He continued, "According to basic economic theory, job creation cannot occur without companies continuing to invest, and income generation also does not happen. The government needs to objectively evaluate why, even when Korean companies invest in the manufacturing sector, jobs do not increase but rather decrease," he emphasized.

Chairman Kim had proposed labor law amendments in October last year. This was because if labor law issues are not resolved, friction is expected during the transition to the 4th Industrial Revolution. On this day as well, he said, "To establish a competitive foundation for manufacturing related to the 4th Industrial Revolution, it is impossible without resolving the fundamentally chronic labor rights issues in our country." Regarding this, Chairman Kim explained, "When asked why entrepreneurs do not create jobs while increasing manufacturing investment, I believe rigid labor laws have a decisive impact," adding, "Without easing such points, it is difficult to sustain job creation in the long term."

He urged the government to conduct in-depth reviews related to this. Chairman Kim said, "The government and ruling party currently hold 180 seats and are in the process of making laws. I ask that they use this power efficiently to bring about fundamental changes in the country by conducting an in-depth review of labor law issues."

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