The head of the Federation of Korean Industries, the major business lobby in South Korea, has expressed a preference for former US President Donald Trump to win another term, suggesting that it would create a more favorable business environment for Korean companies operating in the US. Ryu Jin, the FKI chairman, indicated that Trump's approach would not discriminate against foreign firms investing in the US, contrasting this with what he perceived as the Democratic Party's inclination to protect domestic companies from foreign competition. He also highlighted the potential benefit of Trump's second term for Korean companies, particularly those operating in states with weak labor union presence, as opposed to Biden's preference for states with strong union influence. In addition to his views on the US elections, Ryu criticized regulations in South Korea that he believes are burdening the country's industry, particularly citing a bill aimed at expanding the responsibilities of company directors. He argued that these regulations hinder Korean companies' ability to compete globally and suggested that the government should increase its bargaining power with the US, proposing three-way cooperation between Korea, the US, and Japan as an alternative to two-way negotiations with the US.