Yoon: "We Must Firmly Oppose the 'National Plunder' Interest Cartel and Push for Reform"

President Yoon's Closing Remarks at Cabinet Meeting
Defines Interest Cartels as 'Deep-rooted Forces'
Accelerates Labor, Education, and Pension Reforms

President Yoon Suk-yeol urged cabinet members on the 7th to "firmly implement reforms against the interest cartels that exploit the people."

In his closing remarks at the Cabinet meeting held at the Yongsan Presidential Office that morning, President Yoon stated, "Since the government's inception, we have managed state affairs based on expertise, but there is resistance from cartel forces seeking rent through unfair practices," according to a written briefing by presidential spokesperson Lee Do-woon.

President Yoon defined the interest cartels as "vested interest forces" and emphasized, "Removing them will make the lives of the people more comfortable and prosperous."

He particularly stressed to the cabinet, "It has become clear what must be done going forward. While expertise is important, above all, a firm determination to resolutely confront the interest cartel forces for the people is necessary."

He also urged, "If we leave the rent-seeking of cartels unchecked and implement policies solely based on expert insight, continuous reform or innovation will be difficult to achieve. Please carefully examine whether unfair forces are banding together to feed off the system, making the lives of the people harder."

Furthermore, President Yoon instructed to swiftly advance the three major reforms for the people this year in labor, education, and pensions.

[Image source=Yonhap News]

This content was produced with the assistance of AI translation services.