83% of Mid-Sized Companies Say "Overcoming Economic Contraction" Is Top Priority for New Government

82.7% of mid-sized companies have identified "overcoming economic contraction" as the top policy priority for the new government.

The Korea Federation of Middle Market Enterprises announced this finding on June 19, based on the results of its "Survey on Policy Directions for the New Government." The organization explained, "This reflects concerns over increasing economic uncertainty, including prolonged stagnation in exports, sluggish domestic demand, and worsening trade conditions." The survey was conducted from May 27 to June 5, targeting 150 mid-sized companies.

원본보기 아이콘

According to the survey, 57.3% of mid-sized companies cited "discovering new growth engines" as the most important policy priority for the new government in the economic and industrial sectors. This was followed by "restoring livelihoods (55.3%)," "regulatory reform (35.3%)," "strengthening trade negotiation capabilities (30.7%)," and "labor market reform (21.3%)." In terms of the most urgent tasks by sector, respondents pointed to "integration and simplification of overlapping regulations (72.0%)" in regulatory reform, "expanding support for R&D and investment (67.3%)" in new growth engines, "greater flexibility in the 52-hour workweek system (66.0%)" in employment and labor, "strengthening export financing support (52.0%)" in the trade environment, and "price stability (82.7%)" in the livelihood economy sector.

Lee Hojun, Executive Vice President of the Korea Federation of Middle Market Enterprises, stated, "The key to realizing the new government's vision of technology-driven growth, inclusive growth, and fair growth is to maximize the growth potential of companies that have reached their limits." He emphasized, "The government must actively incorporate the specific needs of mid-sized companies on the ground for discovering new growth engines, such as building advanced technology infrastructure including AI and robotics (66.0%), providing financial support through policy financing (56.7%), and offering tax benefits for R&D (47.3%), in order to pave a new path for 'the real Korea' based on unrivaled technological competitiveness."

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.