<Anchor>



At a time when prices keep rising and people say it is difficult to live on, the government has announced a policy direction for how to lead the Korean economy for the next five years.

The key is to overcome the economic crisis with corporate power by reducing government intervention and revitalizing the private sector.

By removing regulations and reducing the tax burden, it will induce businesses to increase investment and hire more people.



Today (16th), the first news, reporter Jo Ki-ho, will tell you.



<Reporter> The



government has set the corporate spirit as a win-win for the economy over the next five years.



[President Seok-Yeol Yoon: We must completely change the constitution of our economy, led by the private sector and the market.

Otherwise, it will be difficult to overcome the complex crisis.]



First, he announced that he would reverse the regulations made by the previous government.



The Moon Jae-in administration has decided to lower the corporate tax back to 22%, which was raised to a maximum of 25%, and also to eliminate the system that imposes a tax on the company's reserves without raising investments or wages.



In addition, when companies bring money earned abroad into the country, tax is eliminated to induce the inflow.



Companies with sales of 1 trillion won or less will reduce the inheritance tax burden until their descendants inherit it if certain criteria are met.



[Bang Ki-sun / 1st Vice Minister of Strategy and Finance (last 13th): There has been a slight contraction in corporate investment in recent years, so we approached it from the point of view of enhancing economic vitality in the private sector through revitalization of corporate investment.]



He also said that he would actively remove various corporate-related regulations, such as flexibly operating the 52-hour week system.



But there are also concerns.



The government has more and more places to spend money during the economic crisis, and it is pointed out whether it is right to cut taxes on large corporations that can afford it, and whether that money will lead to investment and employment.

[Seong Tae- yoon



/Professor of Economics, Yonsei University: It is true that there was a limitation in the part that he would revitalize the economy by further reducing corporate tax in the past...]



There are many measures that can be implemented only when the law is amended, so it is expected that there will be considerable pain in reaching a social consensus.



(Video coverage: Kim Min-cheol, video editing: Park Soo-seon, CG: Jang Seong-beom)