Yoon: "Quality Jobs Must Be Created Through Labor and Education Reform"

Lunch with CEOs of 100 Companies Recognized for Job Creation Contributions
"The Best Welfare is Jobs... We Will Also Strive to Foster Startups"

President Yoon Suk-yeol stated on the 14th, "Through labor reform and education reform, we must create structural conditions that allow the private sector to generate quality jobs." He emphasized that "the best welfare is jobs," based on the judgment that labor reform enables fair compensation and increased competitiveness, and education reform equips human resources.

On the same day, President Yoon held a luncheon at the Blue House State Guest House with CEOs of 100 companies recognized for their significant job creation achievements, saying, "The government's role is to break down regulations so that private companies can create quality jobs and to proactively invest in and support future strategic technology sectors."

President Yoon Suk-yeol is giving a greeting speech at the luncheon for CEOs of outstanding job-creating companies held at the Blue House State Guest House on the 14th.
[Photo by Yonhap News]

In particular, President Yoon explained, "Labor reform provides fair and just compensation to workers and enhances productivity and competitiveness for companies. Education reform also supplies companies with the human resources necessary for increased productivity and competitiveness, while providing knowledge and competitiveness to future generations." He added, "The government will work as a 'one team' with companies to promote exports, striving for high economic growth and job creation, and will actively support the nurturing of startups."

The event was attended by CEOs from a total of 100 companies, including 93 small, medium, and large enterprises selected as 'Korea's Best Job-Creating Companies' or recipients of government awards for leading the creation and improvement of quality jobs, as well as 7 companies that employ a large number of people with disabilities.

During the luncheon conversation, President Yoon praised Hong Seong-wan, CEO of Clucus, who increased youth employment by introducing a performance-based wage system, calling the reform of the wage system that allows young people to receive fair compensation for their work a meaningful example. He instructed the Minister of Employment and Labor to devise ways to expand this system to other companies.

Following the luncheon, case presentations were made by five companies: Rosso (Daejeon Seongsimdang), which has operated a bakery for three generations and increased on-site training and hiring for local youth; Itall, a startup founded after overcoming youth hardships such as failing university entrance exams after ten attempts, which steadily hires young people; Finda, a fintech company that created a workplace favorable for working moms through work-life balance; Applied Materials Korea, which actively invests in nurturing young talent and has secured world-leading semiconductor equipment technology; and Bear Better, founded by a mother of a son with developmental disabilities, which employs people with severe disabilities such as intellectual disabilities and autism.