"Private Sector-Led Job Creation and Regulatory Innovation" Yoon Seok-yeol Announces Second Pledge

Private-Led Creation of Social Service Jobs
Ensuring Corporate Autonomy Through Regulatory Innovation

Former Prosecutor General and People Power Party presidential candidate Yoon Seok-yeol is speaking at the Fair Primary Pledge Ceremony and the Election Commission Chairman Primary Candidates Meeting held at the People Power Party Central Party Office in Yeouido, Seoul, on the 5th. [Image source=Yonhap News]

[Asia Economy Reporter Park Jun-yi] Yoon Seok-yeol, the People Power Party's presidential candidate, has revealed plans to create quality jobs through regulatory innovation, support for private companies, and expansion of social services. On the afternoon of the 7th, Yoon is scheduled to attend the People Power Party's presidential candidate policy presentation event, where he will announce these pledges. This is his second policy announcement following real estate on the 29th of last month.

The core focus is on creating 'private sector-led jobs' and 'social service jobs.' The private sector-led job policy aims to provide financial support, R&D technology assistance, and digital transformation support so that startups can grow into strong small and medium enterprises, and SMEs can develop into mid-sized and large companies. Approximately 50 companies in sectors with high employment effects, such as non-face-to-face, medical, and cultural content fields, will be intensively supported. The social service job policy seeks to simultaneously expand welfare and create jobs. Instead of cash payments, a welfare system centered on social services will be established, raising the quality of related jobs as well.

To achieve this, 'regulatory innovation' is emphasized. The plan is to abolish about 80 representative regulations immediately upon the inauguration of the next government. A 'Regulatory Impact Analysis Task Force' will be created to eliminate regulations that hinder job creation and guarantee corporate autonomy.

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