In a series of statements issued Tuesday, business leaders asked the new administration to prioritize economic stability, bolster industrial competitiveness, and enact reforms aimed at restoring growth in a nation grappling with sluggish consumption, falling birthrates, and global trade headwinds.
The Korea Chamber of Commerce and Industry, one of the country's most influential business organizations, urged President Lee to “unite national capabilities” to confront structural issues such as low growth and regional population decline. In a policy paper, the group emphasized the need for proactive leadership in an era shaped by protectionist trade policies and the rapid advancement of artificial intelligence.
“President Lee must steer the nation through a volatile global landscape and domestic uncertainty,” the chamber stated, calling for “decisive measures that restore public trust and energize economic fundamentals.”
The Federation of Korean Industries echoed the call for urgent action, expressing confidence that “pragmatic, performance-oriented policies” could elevate South Korea into the ranks of the world’s top five economies. The group urged the government to foster innovation, revive the ailing manufacturing sector, and support emerging technologies as pillars of long-term growth.
The Korea Enterprises Federation, meanwhile, pressed for bold regulatory reforms and a more flexible labor market, saying such measures are essential for enhancing competitiveness and sustaining prosperity. “Insightful and balanced leadership will be crucial in navigating the coming challenges,” the group said.
The Korea International Trade Association advocated for a more profit-driven trade strategy, emphasizing the importance of minimizing external risks through coordinated diplomatic and trade policy efforts. “Rapid shifts in the global trade order require swift and adaptive responses,” the group said.
As President Lee assumes office, expectations are high that his administration will move quickly to define its economic priorities and reassure markets. The coming months are expected to offer the first real test of how he balances labor-friendly campaign promises with the demands of a deeply concerned business sector.
reporter
Kim Dong-young
davekim0807@ajupress.com
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