President Moon Jae-in asked the country's top conglomerates and large firms to increase their local investment and create more jobs Tuesday, amid growing concerns of a possible slowdown that many believe may have been partly caused by his policy of boosting household income.
The call came in a special meeting held at the presidential office Cheong Wa Dae, attended by the top executive officers and representatives of about 130 local companies.
"Employment and investment are the foundation for the growth of a company and its efforts to secure a future growth engine, while at the same time they are a way to contribute to the national economy and the people's livelihood," the president told the meeting, according to Cheong Wa Dae pool reports.
|President Moon Jae-in (front row, L) speaks in a meeting with top business leaders held at his office Cheong Wa Dae in Seoul on Jan. 15, 2019. (Yonhap)|
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