[President Yoon Seok-yeol Elected] Korea Employers Federation Requests "Create an Environment That Respects Entrepreneurial Spirit"

"Leading South Korea's Prosperity with Strong Leadership"

President-elect Yoon Suk-yeol receives a bouquet at the People Power Party's vote counting situation room set up at the National Assembly Library in Yeouido, Seoul, on the 10th. Photo by Yoon Dong-ju doso7@

[Asia Economy Reporter Yoo Hyun-seok] The Korea Employers Federation (KEF) urged Yoon Seok-yeol, the president-elect of the 20th Republic of Korea, on the 10th to create an environment where "free economic activities and entrepreneurial spirit are respected."

In a statement released that day, KEF said, "To overcome the economic crisis and achieve a leap forward, an environment where 'free economic activities and entrepreneurial spirit are respected' must be created so that companies can continuously innovate and take on challenges."

KEF added, "The next five years under the new government will be a crucial period to navigate rapidly changing international situations and economic environments externally, and to overcome the economic crisis and pioneer the future internally," and said, "The business community expects the president-elect to demonstrate harmonious and strong leadership to lead the prosperity of the Republic of Korea."

KEF emphasized, "Please create a 'business-friendly environment' by striving for regulatory reform and improvements in laws and systems for the advancement of labor-management relations so that companies can focus on investment and job creation," and added, "The business community will also do its best to contribute to Korea’s progress as an advanced society by making bold investments, creating jobs, and fulfilling social responsibilities."

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