President Yoon: "The government and businesses... Let's discuss the economy over lunchboxes"

[Image source=Yonhap News]

[Asia Economy Reporter Bae Kyunghwan] President Yoon Suk-yeol said, "The government is a business," adding, "There is a lot of talk about private-led and business-led initiatives, but the government and businesses do not exist separately." He emphasized the importance of the role of businesses in the current economic crisis and stated that to transform the economy through market-led efforts, "we will boldly improve systems and regulations that stifle entrepreneurial spirit."

According to a presidential office official, President Yoon made these remarks during a closed-door discussion at the ‘New Government Economic Policy Direction Announcement Meeting’ held on the morning of the 16th at Pangyo 2nd Techno Valley in Seongnam-si, Gyeonggi-do.

The official said that during the 1 hour and 30 minutes of discussion, President Yoon mentioned private-led economic revival, investment, and regulatory reforms. In particular, President Yoon described the relationship between businesses and the government as "the government is a business." The presidential office explained, "For example, an aircraft carrier is not owned by the United States alone but symbolizes the combined capabilities of various American companies," adding, "The nation is also a product of the efforts of each individual company, meaning that businesses and the government must work as one." He also said, "If there are no special events in the evening, it tends to be quite empty, so please contact businesspeople frequently," and added, "I will discuss economic issues while sharing a lunchbox."

Additionally, President Yoon stressed, "Regarding overcoming the current economic crisis, the people must have confidence that everyone will overcome the crisis together," and "The people must have confidence, and the government must demonstrate that it has the capability to succeed."

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