FKCCI "Welcome Yoon's Determination to Reform Killer Regulations"

Commentary on the August 15 Liberation Day Celebration Speech

The Federation of Korean Industries (FKI) stated on the 15th that it "actively welcomes President Yoon Seok-yeol's emphasis on the importance of sustainable economic growth and the creation of quality jobs, as well as his commitment to the swift reform of killer regulations and the promotion of science and technology," during his 78th Liberation Day commemorative speech held at Ewha Womans University auditorium.

The FKI said, "Recently, our economy has been facing difficulties such as a contraction in domestic demand due to external uncertainties including the sluggish Chinese economy and the spread of economic nationalism, as well as persistent high inflation and high interest rates," adding, "To turn this crisis into an opportunity and to advance South Korea as a global pivotal nation, the government, businesses, and citizens must unite with one heart and one mind."

President Yoon Suk-yeol is delivering a congratulatory speech at the 78th Liberation Day Celebration held at Ewha Womans University Auditorium in Seodaemun-gu, Seoul, on the 15th.
[Photo by Yonhap News]

The FKI also stated, "In this situation, we strongly agree with the government's expression of its intention to establish a market economy foundation centered on businesses and the private sector through regulatory reform and to expand investment in advanced science and technology, which are future growth engines."

Furthermore, it said, "The economic community will also devote itself to active investment and job creation to ensure that South Korea grows into a country that contributes to the freedom, peace, and prosperity of global citizens."

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