SEOUL, President Moon Jae-in renewed his commitment to a "fair economy" Friday, saying it's time for South Korea to put a focus on inclusive growth rather than speedy growth that only enriches conglomerates.
Moon made the remark during a fair economy strategy meeting involving six related government ministries agencies, stressing that South Korea has grown into one of the biggest economies in the world in a short period of time, but benefits of growth have not been shared fairly.
"In the past, our people worked day and night under the goal of building a well-off nation and became an economic power ... in just half a century, but fairness was lost in the course of economic growth," Moon said during the meeting held at the Convention and Exhibition Center in southern Seoul.
"The jointly achieved results concentrated on conglomerates," he said.
Source: Yonhap News Agency