FKCCI: "We hope the Yoon administration will fully commit to economic revitalization policies such as regulatory reform"

[Asia Economy Reporter Park Sun-mi] The Federation of Korean Industries (FKI) sent a congratulatory message to President-elect Yoon Suk-yeol, who is inaugurated as the 20th president, urging him to fully commit to economic revitalization policies such as regulatory reform.

On the 9th, in a commentary on the inauguration of the 20th president, the FKI stated, "We sincerely congratulate President Yoon Suk-yeol on his inauguration," and added, "We hope that as president, he will communicate openly with the public with an open mind and create a more dynamic Republic of Korea through fair opportunities and freedom."

They continued, "The Korean economy is currently facing a complex crisis both domestically and internationally due to prolonged global inflation, worsening export conditions caused by the spread of protectionism, and a decline in potential growth rate due to low birthrate and aging population," explaining, "It is an urgent situation to revive the economy by reigniting private sector growth vitality." They also stated, "We hope the new government will devote all efforts to economic revitalization policies such as regulatory reform to discover future growth engines and create quality jobs. We also expect the government to prepare various investment support measures so that companies can make more active investments."

Furthermore, the economic sector has pledged to fulfill its fundamental role by making bold investments and expanding employment, striving for the Korean economy's leap forward, and promised, "The economic sector will do its best to create a ‘nation where all citizens prosper together’ as envisioned by the new government by joining forces with the people and the government."

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