President says management rights should be respected as much as labor rights ahead of Samsung strike

President Lee Jae Myung said, Monday, management rights should be respected as much as labor rights, in a social media message ahead of a massive strike planned by Samsung Electronics’ labor union this week. “In the Republic of Korea, which embraces the liberal democratic basic order and a capitalist market economy, labor should be respected as much as business, and management rights should be respected just as labor rights are,” the president wrote on X, formerly Twitter. He also wrote that workers must be able to receive fair compensation for their labor, while shareholders who have invested and borne risks and losses are entitled to a share of corporate profits. Lee cite the Constitution, saying, “Fundamental rights of all citizens are guaranteed, but they may be restricted for public welfare and other purposes so long as their essential substance is not infringed upon.”Weiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times