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"The most urgent issue on our hands is to create jobs for the heads of households," the President was quoted as saying at a meeting of the Emergency Economy Management Council. The presidential body was set up last week to paddle the country out of the economic crisis.
Lee suggested the government promote "job-sharing" among workers, according to the presidential office spokesman.
"I believe we should think of ways to promote job-sharing by cutting wages," Lee was quoted as saying by spokesman Lee Dong-kwan. The President added that wage cuts would prompt employers to hire more workers.
The remarks come one day after the National Statistical Office said the country lost 12,000 jobs last month, marking the first contraction since October 2003.
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