Moon pushes 'profit-sharing' to counter inequality in Davos speech

South Korean leader promotes Seoul as post-COVID investment destination

20210127 moon davos speech

South Korean President Moon Jae-in speaks during the Davos Agenda meetings on Jan. 27.

KIM JAEWON, Nikkei staff writer

SEOUL -- South Korean President Moon Jae-in warned against polarization and deepening inequality amid the pandemic in a speech to the World Economic Forum on Wednesday, suggesting a profit-sharing system as a way to narrow the gap between haves and have-nots.

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