It's hard for companies to get stuck … Governments should be more flexible

"The key economic policy of the government is that income-led growth and innovation growth are not well matched, which can ultimately make the company more difficult." (Former auditor Chun Yun -cheol)

"Revenue-led growth is the right direction, but we need to make some adjustments.

It is necessary that the government respond flexibly to the rapid increase in the minimum wage or shorten working hours. "(Park Seung,
The meeting between President Moon Jae-in and the business community held at the Blue House on March 3 took place more than two hours after the scheduled time. "The president was very interested in the economy, so he listened mainly to comments and there were a lot of stories about the economy," participants said.

In particular, it was reported that the government's economic policy included many "bitters". One participant said: "It was a way of expressing opinions freely, but it is not a situation that calls for a freeze on the economic situation." "It was felt that the direction of economic policy was wrong and that the trial and error should be a little reduced."

In particular, participants indicated that there are many strategic advice on income-led growth.

Emeritus Professor Kang Cheol-kyu of Seoul City University, chairman of the Fair Trade Commission during his term of participatory government, said: "In terms of revenue-driven growth, only a small part the increase in the minimum wage is the result of job creation and business investment. I said that it was possible. "

Former CEO Jeon Yun-chul also said he should give more power to innovation growth, especially in the areas of innovation and revenue growth. Jeon, Yun-chul said: "Innovative growth means that a business is profitable through the development of new technologies, and revenue-driven growth is about sharing profits with workers in a win-win situation.

One of the participants was former Prime Minister Chung Un-chan (currently head of the KBO), who said in a morning radio show, "Our household has a debt of 1,500 billion won and a debt of 30 million won per citizen. I do not think it's easy to expect an increase in consumption. I think that an income-oriented growth policy is not an economic policy, but rather a human rights policy. "

He said: "I do not think that Moon Jae-in's government is focused on men, men and people, so I thought the minimum income should be a minimum in order to lead a human life. I think the minimum wage is too low, I thought it was necessary to do it, but it was too fast. "

Some say the government should pay more attention to global economic problems. Kim Jung-soo, former governor of the Republic of Korea, said: "The world is changing fast and the trade dispute between the United States and China is serious.I have pointed out that the government was too involved in the Internal Affairs,

Regulatory revolutions were also one of the major issues of the meeting. Jeon, Yun-chul said, "Companies need to invest to make sure the economy can survive because they are investing in profitable areas." Another participant who wished to remain anonymous said: "The reform of regulation must be conducted properly so that the industrial structure can be reorganized in the era of the Fourth Industrial Revolution, which is not the case at all. "In the past, the main era of industrialization stagnated or declined at the time of maturity, and it is said that a large-scale restructuring of the industry is needed, resulting in a regulatory revolution.The Chief Executive Officer, Choi Jeong-pyo, director of the Korean Institute for Development (KDI), announced plans to expand the service sector.

Park Seung, the former governor, said: "This is a good deal of international work, price and financial soundness, but the fact that the public experience is not good is the main cause of the decline in private investment. " Park Seung, the former governor, said: "We will open the door to membership in the union, but we will ask unreasonable demands and respond by principle."

The meeting was held in the middle of the year to seek out more sophisticated policies by soliciting the advice of elders with rich experience in finance, finance and industry. The round table was held in a very serious atmosphere. One participant said, "Economic seniors were worried about the country." He said: "We have recognized the direction of the Moon Jae-in government's economic policy and we have expressed concern that it is not going too fast."

As the old saying goes, the time allotted for the meeting was over two hours longer than expected.

President Moon was listening to his words and listening to them. Mr Moon has sought a wide range of advice on the government's economic policies, including income-led growth, innovation growth and a fair economy. Participants walked from Cheongwadae main building to Changchunjae after the meeting. President Moon said, "Let's walk with the weather."

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