Blue House Encourages Public Discussion on Redistribution of Corporate Excess Profits

On May 28, the Blue House expressed hope for various opportunities for public discourse regarding the social distribution of excess profits from large corporations, in light of an upcoming discussion hosted by the Ministry of Employment and Labor.

During a briefing at the Chunchugwan, Chief Spokesperson Kang Yu-jung responded to a question about whether the discussion is a continuation of comments made by Policy Chief Kim Yong-beom regarding excess tax revenue. Kang stated, "Labor Minister Kim Young-hoon has mentioned the need for public discourse on the distribution of excess profits from semiconductor companies, and it seems he is emphasizing the necessity of social dialogue on performance distribution." She added that Industry Minister Kim Jeong-kwan could also address excess operating profits or earnings from the industry's perspective.

Kang noted, "As various social issues and tasks that need to be discussed have been raised in this process, it appears that the Labor Minister believes these are matters that our society should openly discuss."

The day before, Labor Minister Kim Young-hoon stated during a meeting with reporters, "The only solution for the social distribution of excess profits from large corporations is social dialogue. We plan to hold an urgent discussion on June 1, led by the Ministry of Labor."