South Korean President to Host Labor Day Event with Major Unions

South Korea's presidential office announced that President Lee Jae Myung will host an event to commemorate Labor Day on Friday at Cheong Wa Dae. The event will involve the country's two major umbrella labor unions, the Federation of Korean Trade Unions and the Korean Confederation of Trade Unions.

This marks the first time a Labor Day event has been held at Cheong Wa Dae and the first joint participation by both unions, which represent different political spectrums. Around 120 participants are expected, including figures from labor, management, and government, as well as workers from various occupations.

The presidential office stated that President Lee Jae Myung will reflect on the meaning of the restored Labor Day, emphasize the value of labor, and express gratitude for workers' dedication.

Korea originally observed Labor Day on May 1, but it was renamed Workers' Day in 1963. The government restored the name to Labor Day last year and designated it as a national holiday earlier this month, allowing all workers to take the day off. In his address, President Lee Jae Myung is expected to outline government labor policies, including measures to enhance workplace safety and reduce industrial accidents, as well as efforts to redistribute economic growth gains.

The presidential office noted that President Lee Jae Myung once worked as a child laborer. The event brings together diverse stakeholders to mark the occasion. Related developments include recent agreements and statements on labor issues, such as a cargo union deal and commitments to prevent industrial deaths.