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Finance minister pledges to create favorable biz environment amid challenges

Summary by The Korea Times
Korea will work to create a favorable business environment to support economic growth while addressing structural challenges, such as stagnant productivity, the finance minister said Wednesday. Finance Minister Lee Hyoung-il made the remarks during a meeting with representatives of Korea's six major business lobbies, including SK Group Chairman Chey Tae-won, who heads the Korea Chamber of Commerce and Industry (KCCI). "Recently, the Korean econo…

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Lean Right

Deputy Prime Minister and Minister of Finance and Economy Lee Hyung-il stated on the 7th, “We will resolve on-site difficulties hindering corporate investment to create the world’s best business environment.” Meeting with representatives of six major economic organizations at the Korea Chamber of Commerce and Industry on the same day, Deputy Prime Minister Lee said, “Substantive change felt by businesses starts with voices from the field,” addin…

Deputy Prime Minister and Minister of Finance and Economy Lee Hyung-il met with the heads of six major economic organizations and announced plans to resolve on-site difficulties hindering corporate investment. During a meeting of the heads of the six organizations and the Public-Private Consultative Council for Corporate Innovation Support held at the Korea Chamber of Commerce and Industry on the 7th, Deputy Prime Minister Lee stated, "Tangible…

Deputy Prime Minister and Minister of Finance and Economy Lee Hyung-il is speaking at a meeting of the heads of six economic organizations and a public-private consultative body for corporate innovation support held at the Korea Chamber of Commerce and Industry in Jung-gu, Seoul on the 7th.

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The Korea Times broke the news in Seoul, Korea (the Republic of) on Wednesday, October 7, 2026.
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