President Urges Prudent Approach on Sharing Excess Corporate Gains

President urges prudent approach on sharing excess corporate gains

President Lee Jae Myung acknowledged on Monday that a new social debate has emerged over how to share companies’ excess profits, calling for a cautious approach because the issue could have far-reaching implications for the nation's industrial policy. The president said the debate should be elevated to the international level, warning that any unilateral action by Korea could prompt companies to relocate overseas and also weaken foreign investme…