South Korea’s president Moon Jae-in has called on companies prospering during the coronavirus pandemic to share their profits with struggling people and businesses, as fears rise over worsening economic inequality.
The call from the leader of Asia’s fourth-biggest economy highlights the pressure on many world leaders amid surging stock and property prices coupled with rising unemployment and slow wage growth.
“Whether it is called profit sharing, or whatever . . . I think it is the right way to go,” Mr Moon said at a rare press conference on Monday.
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