Lee Jae-myung Promises Improvement in Labor Conditions... "Let's Try a 4.5-Day Workweek"

On the 8th, one day before the presidential election, Lee Jae-myung, the Democratic Party of Korea's presidential candidate, held a "Special Press Conference on Overcoming Crisis and National Unity" at the party headquarters in Yeouido, Seoul. Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Baek Kyunghwan] Lee Jae-myung, the presidential candidate of the Democratic Party of Korea, promised to improve labor conditions by mentioning a 4.5-day workweek.

On the last day of official election activities on the 8th, Lee stated at a rally in Yeouido, Seoul, "Let's also leave work on time and live well," adding, "Let's try moving toward a 4.5-day workweek." He also expressed the view that "As the productivity of human labor increases, reducing working hours will allow others to make a living and improve quality of life."

He particularly addressed the problems with the 'comprehensive wage system.' Lee said, "We should not take others' labor for free through the comprehensive wage system," and added, "We need to reduce the comprehensive wage system and create an environment where people can leisurely enjoy leisure time with their families and live happily."

He also reiterated his economic pledge of achieving a 'stock index of 5,000 points.' Lee said, "We need to make our stock market transparent," and added, "The Financial Supervisory Service has only about 20 to 30 inspectors, but this number should be increased to around 500."

Along with this, he emphasized, "We must eradicate stock price manipulation," and questioned, "Are small shareholders and retail investors discriminated against?" He pledged, "We will thoroughly reform such unfairness to create a fair and transparent market."

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