SEOUL (Reuters) – South Korean President Yoon Suk-yeol said on Wednesday reforming practices in the labour market should be a top priority for his government’s drive to improve the way the country works.
“We should significantly change labour market practices in step with the fast-changing industrial structure and changes in labour demand,” Yoon said, adding that the rule of law should be firmly established in labour practices.
The conservative Yoon, who took office early this year, has repeatedly said his government would strictly apply the law to labour relations in a country with a long record of fractious industrial relations.
Yoon, speaking at a finance ministry briefing on next year’s economic strategy, also said the education system and public pension service were areas that needed reform.
The tax burden on the owners of multiple homes should be lowered to ease the burden on renters, he said.
(Reporting by Choonsik Yoo; Editing by Tom Hogue, Robert Birsel)
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