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Home » News » International
International

South Korean President Emphasizes Worker Acceptance in Labor Market Flexibility

Indian Community Editorial TeamBy Indian Community Editorial TeamMarch 18, 20262 Mins ReadNo Comments Add us to Google Preferred Sources
South Korean President Emphasizes Worker Acceptance in Labor Market Flexibility
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South Korean President Lee Jae Myung stressed the importance of considering workers’ acceptance when implementing labor market flexibility. He expressed disapproval of one-sided sacrifices by workers during company policy adjustments. Lee made these comments during a debate with the Economic, Social, and Labour Council, a presidential advisory body.

“We must create conditions where workers willingly embrace the employment flexibility sought by companies. Coercion is unfair,” Lee stated during the session at Cheong Wa Dae. He highlighted the need to strengthen the social safety net to support workers in a changing job landscape, urging companies benefiting from increased labor flexibility to share more responsibility.

Lee advocated for a balanced approach, suggesting a symbiotic relationship between job growth, labor flexibility, and social security. He underscored the significance of dialogue to rebuild trust between labor and management, aiming for mutual understanding and compromise. Lee proposed a scenario where labor compromises on flexibility while companies absorbing the benefits contribute to the social safety net.

Encouraging the council to facilitate social dialogue, Lee urged efforts to bridge the gap between management aiming to cut labor expenses and workers prioritizing job stability. He emphasized the necessity of trust restoration through constructive discussions as a fundamental step towards resolution. Prior to the debate, the council endorsed a joint declaration focusing on addressing social disparities and achieving sustainable development.

and Labour Council Cheong Wa Dae Economic Lee Jae Myung Social South Korea Yonhap
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Indian Community Editorial Team

The Indian Community Editorial Team curates, verifies, and publishes stories that matter to Indians worldwide. From culture and community to business and innovation, our mission is to spotlight voices, ideas, and events that bring our global community closer together. Have news or a story to share? Submit it to us at [email protected].

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