KCCI "Congratulations on the Inauguration of the Yoon Administration... Hope for Active Efforts to Address Reform Tasks"

The Ceremony for Commerce and Industry Day was held on the 31st at the Korea Chamber of Commerce and Industry in Jung-gu, Seoul. Photo by Jinhyung Kang aymsdream@

[Asia Economy Reporter Jeong Dong-hoon] The Korea Chamber of Commerce and Industry (KCCI) conveyed its congratulations on the inauguration of the Yoon Suk-yeol administration.

On the 9th, KCCI stated in a commentary, "We sincerely congratulate the launch of the Yoon Suk-yeol government together with the business community," and added, "We hope the new government will overcome short-term crisis factors such as inflation, exchange rates, and supply chain disruptions, while achieving mid- to long-term national and social development and economic revitalization."

In particular, KCCI called for economic reforms. It said, "We hope the government actively addresses various reform tasks in regulation, labor, public sector, and education so that our economy, which is showing a structural low-growth trend, can regain growth momentum," and added, "Since these tasks are complex issues intertwined with various challenges such as demographic shocks, the risk of regional extinction, and polarization, we expect the public and private sectors to come together with an integrated perspective to communicate and solve them."

It continued, "The business community also pledges to make greater efforts in active investment, job creation, and fulfilling social responsibilities for the development of the national economy and the improvement of citizens' quality of life."

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