Intellectuals blast campaign pledges

Home > National > Social Affairs

print dictionary print

Intellectuals blast campaign pledges

Hundreds of scholars, lawyers and other opinion leaders voiced concerns yesterday about presidential campaign pledges aimed at reining in large conglomerates, saying “impromptu” populist measures would only hamper business activities.

As the December presidential election nears, both ruling and opposition camps have upheld the slogan “economic democratization,” which centers on overhauling the nation’s all-powerful conglomerates, or chaebol, in a bid to appeal to voters unhappy with the growing income gap and soaring household debts in Asia’s fourth-largest economy.

About 600 professors, lawyers and writers, who are considered conservatives, gathered in downtown Seoul to issue a statement to criticize the political parties’ chaebol reform moves.

“It is a self-destructive act to have companies’ hands and feet tied at a time when the government should craft strategies to raise their global competitiveness,” the statement said. “Economic democratization is an impromptu policy aimed at voters, which would seriously shrink [Korean] companies and the economy.”

Yonhap

More in Social Affairs

Civic group sues Seoul gov't to stop Gwanghwamun project

Emissions check

Injunction gives Yoon his job back, at least temporarily

New virus cases stay below 500, but officials say surge isn't over

[Shifting the paradigm] Academia faces brave new world

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now