Korea’s business lobbies urge new president to spur economic recovery

Korea's major business lobbies have urged President Lee Jae-myung to spur economic recovery, as the country struggles to navigate mounting challenges posed by global protectionism and a rapid tech paradigm shift. Lee of the liberal Democratic Party of Korea was elected president after defeating Kim Moon-soo of the conservative People Power Party, winning 49.42 percent of the vote to Kim’s 41.15 percent. In a statement, the Korea Chamber of Commerce and Industry asked for the next administration to drive Korea’s economic rebound with strong leadership. “The country faces multiple challenges of low growth, low birthrate and the extinction of small towns,” the business lobby said. “Coupled with the domestic agendas, the president is advised to harness national capabilities to navigate the rapidly changing global environment, represented by growing protectionism and artificial intelligence-driven tech innovation.” The Federation of Korean Industries also called on Lee to build a more business-friendly environment to help the country tackle worsening global trade uncertainty and sWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times