South Korean president promises deregulation, reforms


FILE PHOTO: South Korean President Yoon Suk-yeol speaks during a ceremony marking Korean Memorial Day at the Seoul National cemetery on June 06, 2022 in Seoul, South Korea. Chung Sung-Jun/Pool via REUTERS

SEOUL (Reuters) - South Korean President Yoon Suk-yeol promised on Thursday to remove outdated regulations hindering new businesses while calling for an immediate start to reforming labour practices, the education system and pension programmes.

Yoon, in his second month in office, also said at an event introducing his government's economic policy framework that his government would lower the living cost by helping reduce private sector production costs.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

US Supreme Court strikes down Trump's sweeping tariffs
Explainer-What charge might King Charles' brother face after his arrest?
France's far right seeks to deepen mainstream credibility after activist's killing
Analysis-Britain's royals face their worst crisis in 90 years over Andrew's Epstein links
Trump says he is considering limited military strike on Iran
France allows culling of around 200 wolves to protect livestock
Germany's Merz vows to keep out far-right as he warns of a changed world
Spain's top court rejects father's bid to halt daughter's euthanasia
Germany's Merz says his conservatives will not partner with far-right AfD
Norway moves some of its 60 soldiers in Middle East due to security situation

Others Also Read