South Korea's President Yoon Suk-yeol speaks on the government's supplementary revised budget bill at the National Assembly in Seoul, South Korea on May 16, 2022. (JEON HEON-KYUN / POOL PHOTO VIA AP)
SEOUL – South Korean President Yoon Suk-yeol promised on Thursday to remove outdated regulations hindering new businesses while calling for an immediate start to reforming labor practices, the education system and pension programs.
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.
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