[Photo] Kwon Tae-shin, Vice Chairman of FKI, "We Must Create an Environment for Corporate Competitiveness"

On the 7th, Kwon Tae-shin, Vice Chairman of the Federation of Korean Industries (FKI), attended the '2023 Economic and Industrial Outlook Seminar' held at the FKI Conference Center and delivered a greeting. On the same day, the FKI held the '2023 Economic and Industrial Outlook Seminar' under the theme 'Turbulent Korean Economy: Outlook and Diagnosis' at the FKI Conference Center in Yeouido in the morning. In his opening remarks, Kwon Tae-shin, full-time Vice Chairman of the FKI, stated, "The Korean economy is facing an unpredictable situation due to the prolonged Russia-Ukraine war and excessive private debt. However, increasing government spending is problematic due to fiscal soundness, and conditions do not allow for lowering interest rates, so there are no suitable macroeconomic policy options." He added, "The solution to overcoming the crisis lies in reforming unreasonable regulations, innovating the labor market, which ranks among the lowest globally, and creating an environment to strengthen corporate competitiveness by promptly passing the corporate tax amendment bill currently pending in the National Assembly."

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