Democratic Party of Korea leader Jeong Cheong-rae met with Chey Tae-won, chairman of the Korea Chamber of Commerce and Industry, on the 8th and promised to improve regulations. Jeong also suggested holding regular meetings every three months.
On that day, Jeong met with Chey and the KORCHAM leadership at a policy meeting held at the Korea Chamber of Commerce and Industry in Jung-gu, Seoul. The party leadership included Jeong, Supreme Council member Lee Eon-joo, and Policy Committee Chair Han Jeong-ae. Among business leaders, Chey was joined by Park Seung-hee, president of Samsung Electronics, Ha Beom-jong, president of LG, and Kim Dong-wook, vice president of Hyundai Motor.
Jeong noted, "Not long ago, Chairman Chey pointed out that 'the staircase regulation based on corporation size hinders growth,' which deeply resonated with me. I completely agree that providing safeguards and incentives in the market is key for corporations to grow independently."
He added, "The concern you mentioned is closely related to the key national task of the Lee Jae-myung government, which is the fair agenda, and fair economy means removing unnecessary regulations in an environment where all economic entities can compete fairly while ensuring vitality."
Jeong emphasized, "We must achieve genuine growth where large corporations, small and medium-sized enterprises, users, and workers all grow through innovation and development. I hope that KORCHAM contributes to realizing a fair economy and economic development, and that our party responds positively to that."
Jeong suggested to Chey that they meet every three months to strengthen close communication and collaboration. Jeong stated, "Just as our body suffers when its blood and energy are blocked, our economy and National Assembly will feel pain if communication is hindered. By communicating well, we can clear up many misunderstandings," and he added, "I hope you'll seriously consider enhancing our communication by meeting once every quarter."
During a subsequent closed meeting, discussions continued about the situation where our workers are detained at a construction site in Georgia, the U.S., measures to support our industry in response to U.S. tariffs, the second amendment to the Commercial Act, and the yellow envelope law.
This month, Jeong has been increasing his points of contact with the business community. On the 3rd, he met with the Korea Federation of Micro Enterprises (KFME), and on the 4th, he visited the Korea Federation of Small and Medium Enterprises. As the government and ruling party pushed through stricter Commercial Act and yellow envelope laws, Jeong has taken the initiative to hear voices from the field and gather opinions.
A ruling party lawmaker noted, "There are many voices within the party acknowledging that the yellow envelope law includes certain aspects that are acceptable to the concerns of the business community," and he mentioned, "Since there is enough time to enact supplementary legislation before the law takes effect, the party leadership will likely continue to actively listen to the voices of the business community for the time being."