President Lee Jae Myung stated that management rights should be respected as much as labor rights ahead of a planned strike by Samsung Electronics’ labor union.
President Lee Jae Myung said Monday in a social media post on X that in the Republic of Korea, which embraces a liberal democratic order and capitalist market economy, labor should be respected as much as business, and management rights should be respected just as labor rights are.
He added that workers must receive fair compensation for their labor while shareholders who have invested and borne risks are entitled to a share of corporate profits.
Citing the Constitution, Lee noted that fundamental rights of citizens may be restricted for public welfare as long as their essential substance is not infringed, in comments made ahead of the Samsung Electronics labor union’s planned strike this week.
