Candidates' Visits to Business Circles Vary... Detailed Lee, Broadly Touring Yoon

Individual Large Conglomerates Sought by Lee Jae-myung
Yoon Seok-yeol Visits Economic Organizations
Attention Drawn to Differences in Policy Clarity Perspectives

[Asia Economy Reporter Oh Ju-yeon] Lee Jae-myung, the presidential candidate of the Democratic Party of Korea, will sequentially visit the Hyundai Economic Research Institute and LG Economic Research Institute following his visit to the Samsung Economic Research Institute. Unlike Yoon Seok-yeol, the presidential candidate of the People Power Party, who addresses the economy on a broad scale by visiting economic organizations, Lee appears to emphasize policy clarity by choosing individual companies as his visit locations.

Lee Jae-myung, the Democratic Party presidential candidate, and Yoon Seok-youl, the People Power Party presidential candidate, attended the "21st Anniversary Ceremony and Academic Conference Commemorating President Kim Dae-jung's Nobel Peace Prize" held on the 9th at the Kim Dae-jung Library of Yonsei University in Mapo-gu, Seoul, sitting side by side and applauding. Photo by the National Assembly Press Photographers Group

According to the Democratic Party on the 10th, Lee will visit the Hyundai Economic Research Institute on the 14th. During the primary process, as the governor of Gyeonggi Province, Lee visited Hyundai Motor Company and emphasized promoting win-win cooperation to build eco-friendly vehicle infrastructure and expand the introduction of future mobility. When he visited the Samsung Economic Research Institute on the 3rd, he held a ‘Fair Growth’ economic policy meeting, listened to strategies for the semiconductor, battery, and bio industries, and stressed the importance of cooperation between labor and capital. It is expected that during this visit to the Hyundai Economic Research Institute, Lee will express interest in future growth engines such as autonomous driving.

On the 8th, Lee announced his pledges for small and medium enterprises and venture companies by visiting the SK V1 Center in Gasan, Geumcheon-gu, Seoul, and on the 30th of last month, he also visited N15, a corporate maker space that President Moon Jae-in had visited, to communicate with startup company representatives. Each visit is scheduled to highlight specific regions or companies, emphasizing ‘specificity and clarity.’

On the other hand, candidate Yoon connected his startup site visits with attending the Korea Startup Forum. For meetings with the business community, he chose the Korea Employers Federation (KEF). His approach, focused on major organizations and events, contrasts with Lee’s schedule. A representative from Lee’s camp said, “The candidate’s policy pledges are broadly categorized into three areas: ‘economy, livelihood, and innovation.’ Among these, as the COVID-19 situation worsens, the importance of economic policy is increasing, so we are focusing on this.”

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