Lee Meets Entrepreneurs, Hints at 'Rational Regulation' Theory

CES Live Meeting Attendance
"If Regulations Limit Competition and Efficiency,
It Is Desirable to Resolve and Ease Them"
Series of Discussions and Special Talks
Policy Speed Including Life-Oriented Promises

[Image source=Yonhap News]

[Asia Economy Reporters Koo Chae-eun and Jeon Jin-young] Lee Jae-myung, the presidential candidate of the Democratic Party of Korea, stated at a meeting with companies on the 6th, "If regulations limit competition and efficiency, it is desirable for the government to resolve or ease them for the overall economy," advocating a ‘rational regulation theory.’ Following his New Year press conference where he revealed his vision of ‘overcoming the four major crises to become the world’s 5th largest power with a national income of $50,000,’ Lee is interpreted as actively embarking on a ‘pro-business approach.’

On the morning of the same day, Lee attended the ‘CES 2022 Live’ innovation company policy meeting hosted by the Korea International Trade Association at COEX in Gangnam-gu, Seoul, and said, "The government’s role is ultimately to create a free environment so that entrepreneurs can operate freely." He added, "We must navigate this period of upheaval through massive national investment, and at the core of this are infrastructure development, investment in science and technology, and support for research and development (R&D)."

Regarding real estate policy, he maintained a stance differentiated from the current administration. Attending the ‘Policy Sector Grand Debate’ on the same day, Lee said, "Despite many achievements of the Moon Jae-in administration, real estate policy remains regrettable," and apologized, saying, "As a member of the ruling party, I deeply feel responsible." He stated, "We will reform the real estate system drastically by restructuring real estate taxation to reduce the burden on citizens, strengthening taxation on non-business real estate, and cracking down on foreign speculative capital and real estate speculation capital."

Meanwhile, Lee completed four schedules in one day, including the CES meeting, ‘Next Government Operation and Major Policy Sector Grand Debate,’ ‘New Year Special Interview,’ and ‘100-Minute Debate,’ expanding the scope of his policy announcements. This is interpreted as a strategy to emphasize ‘stable national governance’ and policy competence by leveraging the vacuum caused by the effectively ‘closed’ state of the People Power Party’s election campaign committee.

Lee also continued to announce daily life-oriented pledges on the same day. Through SNS, he revealed plans to expand the ‘Empty Can Jeonse’ damage prevention counseling centers nationwide. He noted that a significant number of victims of Jeonse fraud are young people in their 20s and 30s, such as students, early career workers, and newlyweds, and said, "We will eradicate Jeonse fraud through strong punishment of related parties, establishment of prevention systems, and support for damage recovery."

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