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Ruling party chief stresses labor market reforms 김무성 대표, 오늘 교섭단체 연설

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The head of Korea′s ruling party has emphasized that labor market reforms are a prerequisite for making headway on other reform drives. During his parliamentary address Wednesday,... Kim Moo-sung reiterated the goal of labor market reforms is to create more jobs for young people and to foster corporate investment by reducing labor costs. He added that lessening the gap between regular workers and non-regular workers would ease job insecurities and stabilize the people′s livelihoods. Stressing the urgency for reforms, Kim cited World Economic Forum statistics that ranked Korea′s national competitiveness 26th among one-hundred-44 countries,... but its labor market efficiency at a lowly 86th.