Park Byeong-seok and Choi Tae-won Discuss Deregulation... "In the Era of US-China Hegemony Competition, Government, National Assembly, and Companies Are Not Separate"

Chairman Choi Tae-won of the Korea Chamber of Commerce and Industry is paying a courtesy visit to National Assembly Speaker Park Byeong-seok at the Speaker's office on the 13th and exchanging greetings. Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Naju-seok] Choi Tae-won, Chairman of the Korea Chamber of Commerce and Industry, paid a courtesy visit to Park Byeong-seok, Speaker of the National Assembly, on the 13th. Chairman Park and Chairman Choi discussed topics such as entrepreneurial spirit and deregulation.

Speaker Park said, "I thought the phrase that entrepreneurs go to the front lines of the battlefield without fear of losing their lives wherever there is profit represents entrepreneurs," adding, "I hope they will have an entrepreneurial spirit and create future sources of income well." He continued, "I have always emphasized ESG (Environment, Social, Governance) management, and I hope companies become loved by the people."

In response, Chairman Choi said, "In the past, entrepreneurial spirit was thought of as working hard to make a lot of profit and pay a lot of taxes, but these days, many activities are also required of companies," adding, "We are discussing and consulting on what the new entrepreneurial spirit should be."

Speaker Park said, "The issue that the economy, government, and National Assembly all need to discuss together is that the US-China conflict starts from technological competition, escalates to a trade war, and then to a hegemonic competition including diplomacy and security, so there may be problems regarding how to survive in a China-centered global chain," adding, "In that regard, companies, the National Assembly, and the government cannot go separately." Chairman Choi responded, "I fully agree."

Additionally, Speaker Park stated, "The National Assembly will seriously consider deregulation issues." Chairman Choi replied, "While continuously implementing the sandbox, we observe what happens when regulations are actually lifted, releasing what is necessary and continuing regulation where it is not," adding, "We are making great efforts to find new methodologies for deregulation."

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