Korea's talented workforce is one of its most attractive features for foreign investors. However, Korea's labor market poses challenges for domestic companies and foreign investors. Improvements in Korea's labor market flexibility and labor-management relations will help Korea realize its potential as a regional economic leader and attract increased investment.

Council priorities include:

• Implement labor policies that ensure an open, flexible, and competitive labor market in Korea, and enforce the rule of law in labor-management relations.
• Provide a stronger safety net for workers by building a stable and secure pention and retirement savings system.