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Moon steps back from populist agenda with call for deregulation

Job growth sluggish despite economy expanding 0.7% in second quarter

President Moon Jae-in adjusts the microphones at a lecture in Singapore July 13.   © Reuters

SEOUL -- South Korean President Moon Jae-in appears to be pursuing more corporate-friendly policies as the populist platform that put him in office more than a year ago delivers unimpressive results.

Moon outlined his intention to scrap regulations and accelerate innovative growth during a meeting Monday at the presidential Blue House. The president also said he will lead monthly meetings to review efforts to cut red tape.

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