President Lee Stresses Labor-Management Profit Sharing at Ulsan Shipyard Meeting

President Lee Jae-myung attended the K-Shipbuilding Future Vision meeting in Ulsan on May 13 and said the gains from the shipbuilding industry’s upswing should be distributed broadly across a strong industrial ecosystem. He stressed the importance of creating a system within companies in which employers and workers can share the benefits together. Lee said shipbuilding is highly exposed to economic cycles, making it difficult to endure downturns while labor shortages emerge during booms, keeping employment a recurring issue. Opposition parties criticized the large visit by senior government officials to Ulsan, a key June 3 local election battleground, as government-backed electioneering. Source: rss.donga.com