Fair practices by public institutes is where fair economy starts: Pres. Moon

Fair practices by public institutes is where fair economy starts: Pres. Moon


In other news,… a meeting was held at the
Blue House today to assess how much has been achieved in building a fair economy during
the first two years of the Moon administration. Presiding the meeting, President Moon emphasized
that public institutions need to play a leading role in creating a fair market. Our Park Hee-jun tells us more. President Moon Jae-in says public institutions
should take the lead in building a fair economy,… which is the foundation of innovative and
inclusive economic growth. “Fair trade by public institutions is the
starting point of Korea becoming a fair economy. It’s what builds trust in the market. I ask all relevant organizations to work together
so that we can push ahead with this step-by-step and from a long-term perspective.” At the third Fair Economy Strategy Meeting
at the Blue House Tuesday,… the president, along with government orgnization and public
institutions, evaluated the progress made so far. A fair economy is one of the key economic
pillars of the Moon administration, along with growth led by rising incomes and innovation. President Moon has been pushing for results
that can make a difference in people’s lives. He noted that previous governments fell short
of expectations in creating a fair market,… but said his government has taken a completely
new approach. “We are no longer basing this on uniform standards
and regulations as was done in the past. Our approach involves reforming trade practices
voluntarily, and it is customized to the characteristics of each business.” As examples of what this method has achieved,
the president pointed to how his government reformed unfair contracts that had only benefited
public organizations. It has also fairly distributed profits and
costs to public institutes and their subcontractors,… while eradicating malpractices in which institutions
and private companies made horizontal contracts. He said this paradigm will be applied to all
public institutes,… and later to the private sector. And to make sure that firms benefit by following
the rules,… the president said this paradigm will be reflected in employee evaluations. “The president also called on parliament to
swiftly pass the relevant bills, which have been stalled. He said issues in the legislature need to
be resolved in order to achieve more concrete results concerning the fair economy. Park Hee-jun, Arirang News.”

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