BORN2GLOBAL

  • banner
  • banner
  • banner

H > News

  • [New Year's news conference on economy] President Moon pledges easing economic inequality through innovation

  • President Moon Jae-in on Jan. 10 answers questions from both Korean and foreign journalists during his New Year’s news conference at the Yeongbingwan Guest House of Cheong Wa Dae. (Cheong Wa Dae)

    President Moon Jae-in on Jan. 10 answers questions from both Korean and foreign journalists during his New Year’s news conference at the Yeongbingwan Guest House of Cheong Wa Dae. (Cheong Wa Dae)



    By Jung Joo-ri and Yoon Sojung 

    President Moon Jae-in on Jan. 10 announced the policy direction of his administration on employment, labor issues and regulatory innovation in a Q&A session that was part of his New Year’s news conference at Cheong Wa Dae. 

    Reflecting on his first 20 months in office, the chief executive said the lackluster employment index was the biggest regret of his term, saying, "How to solve the issue is the most pressing task of my administration." 

    He said the chronically poor performance of manufacturing resulted in the sluggish employment market. 

    Proposing innovation as the key to solving the issue, he said, "Innovation in the manufacturing sector such as applying smart technologies will heighten the industry’s competitiveness." 

    President Moon added that the government will strive to support venture startups and entrepreneurs to produce new growth momentum. 

    On labor policy, he said, "Improving the lives of employees is crucial for reducing and removing economic inequality."

    "My administration has put a lot of effort toward raising employee wages, shortening work hours and transforming irregular workers into regular ones."

    Switching to regulatory innovation, President Moon urged all sides to have an open heart. 

    "In the era of the Fourth Industrial Revolution, many changes are taking place in the economy and society but it seems some people are sticking to outdated values," he said.

    "I hope all of us can have a more open heart to meet the changes of the times and show a more flexible mindset to have conversations with others."

    President Moon also announced more government support to foster startups, suggesting that junior and senior workers work together to take advantage of new ideas from younger staff and the experience of veteran employees simultaneously. 

    etoilejr@korea.kr





    Comments

STARTUPS OF THE WEEK

    • 1 Mesh Korea
      Headquarters

      2~4F, Iksung Building, 6, Bongeunsa-ro 112-gil, Gangnam-gu, Seoul, 06170

      Description

      Innovative Last Mile Logistics Platform

    • 2 SendBird
      Headquarters

      541 Jefferson Ave. Suite 100 SendBird, Redwood City, CA 94063

      Description

      The Simplest Solution for Chat and Messaging

    • 3 SMART STUDY
      Headquarters

      5F, 94, Myeongdal-ro Seocho-gu, Seoul, 06668

      Description

      Sing, Play and Learn with PINKFONG

    • 4 COOLJAMM Company
      Headquarters

      14F, 5, Teheran-ro 69-gil Gangnam-gu, Seoul, 06160

      Description

      Let Your Voice Compose — The Simplest Music Creation App for Dreamers

    • 5 Visual Camp
      Headquarters

      Startup Campus #325, 289beon-gil 20, Pangyo-ro Bundang-gu, Gyeonggi-do, 13488

      Description

      Eye Tracking Technologies for Mobile VR Devices

    • 6 4DREPLAY KOREA
      Headquarters

      3003 NORTH 1ST ST. SUITE#221 SAN JOSE, CA, 95134

      Description

      Creating Experience ─ Highly Advanced 4D Video Solution

    • 7 Dable
      Headquarters

      #301, 22, Nonhyeon-ro 79-gil, Gangnam-gu, Seoul, 06237

      Description

      Explain Your Business in One Line

    • 8 MOPIC
      Headquarters

      85307, corporate collaboration center, 2066 Seobu-ro, Jangan-gu, Suwon-si Gyeonggi-do, Korea 16419

      Description

      Your Breathtaking Mobile 3D Theater

    • 9 MOIN
      Headquarters

      B2F, Google Campus, 417, Yeongdong-daero, Gangnam-gu, Seoul, 06182

      Description

    • 10 Exosystems, Inc.
      Headquarters

      #804, 815, Daewangpangyo-ro, Sujeong-gu, Seongnam-si, Gyeonggi-do, Republic of Korea

      Description

      Exosystems provides a new paradigm of rehabilitation with the slogan-“Fun @Home, Data Driven Rehab!”

    • 11 NEWRATEK
      Headquarters

      2~4F, Iksung Building, 6, Bongeunsa-ro 112-gil, Gangnam-gu, Seoul, 06170

      Description

      New Radio Communications for a New Era

    • 12 ZOYI Corporation
      Headquarters

      15F, KR Tower, 141, Teheran-ro Gangnam-gu, Seoul, 06132

      Description

      Growth Hacking for O2O Commerce

    • 13 Luxrobo
      Headquarters

      63 Building, #10, 4F, Hanwha Financial Center, 60, Yeouido-dong Yeongdeungpo-gu, Seoul, 07345

      Description

      Create Anything You Want with Robotics of Things

    • 14 SketchOn
      Headquarters

      Corporate Collaboration Center #85313, 2066, Seobu-ro, Jangan-gu, Suwon-si, Gyeonggi-do, 16419

      Description

      Harmless, Easy-to-Erase Printed Tattoos

    • 15 Salted Venture
      Headquarters

      340 Nonhyeon-ro, Gangnam-gu, Seoul, 06227

      Description

      Fixing Golf Swings and Squats from the Feet

    • 16 REDTABLE
      Headquarters

      410, Startup Campus Building #3, 20, Pangyo-ro 289 beon-gil, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea

      Description

    • 17 eyedea
      Headquarters

      5F, 98, Seongmisan-ro, Mapo-gu, Seoul, 03986

      Description

      Autonomous Flying Selfie Drone

    • 18 Innomdle Lab
      Headquarters

      2F, 3, Eonnam 1-gil, Seocho-gu, Seoul, 06778

      Description

      Touch Your Sound

startups_left startups_right