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Calls for deregulation

Calls for deregulation Deregulation needed; companies should pay heed to workers rights The chiefs of major business lobby groups unanimously called for deregulation in their New Year messages. They voiced anxiety over a package of bills that passed the National Assembly, saying they would undermine business activities and have an adverse effect on companies investment and employment decisions. The business leaders stance contrasts with their previous messages where they usually presented new directions or managerial keywords with resolutions for the New Year. Sohn Kyung-shik, chairman of the Korea Enterprises Federation, said, Recently a series of bills were legislated which we fear will curb companies activities. He called on the government to make a paradigm shift in mapping out business-related rules and regulations.

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