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Profit sharing proposal
Joint efforts needed to ease social polarization
Ruling Democratic Party of Korea (DPK) leader Rep. Lee Nak-yon has proposed a profit-sharing system to help ease social polarization amid the COVID-19 pandemic. On Monday, he made the proposal during the party s Supreme Council meeting, saying that it is urgent to tackle deepening inequality caused by the coronavirus outbreak.
Lee stressed the need for good-performing businesses to share their profits with small- and medium-sized enterprises (SMEs) hit by the unprecedented public health crisis. His proposal appears to be a radical measure under a free market economic system. That s why the conservative opposition People Power Party (PPP) is strongly against Lee s idea.