FTC Chief Acknowledges Role of Conglomerates in Economic Growth
4 Articles
4 Articles
Fair Trade Commission Chairman Joo Byung-ki stated on the 21st, “I am not denying the role of large conglomerates in the growth and development of the Korean economy.” During the parliamentary audit of the FTC by the National Assembly’s Political Affairs Committee, Chairman Joo made this remark, explaining, “My intention is that in order for large conglomerates to cultivate global competitiveness and sustain development, the opaque governance st…
The chief of Korea's antitrust watchdog on Wednesday acknowledged conglomerates' contributions to the country's economic growth during a parliamentary audit, amid criticism of his earlier claim that Chaebol has exploited the country. “I am not denying the role of conglomerates in Korea’s economic growth and development,” Ju Biung-ghi, head of the Fair Trade Commission (FTC), said during a parliamentary audit at the National Assembly. Ju's remark…
(Sejong=Yonhap News) Reporter Kim Soo-hyun = Fair Trade Commission Chairman Joo Byung-ki, who had previously stated that he still acknowledges the remarks that chaebols are exploiting South Korea, said on the 21st, "Korean economic growth..."
Fair Trade Commission Chairman Joo Byung-ki apologized, stating, "I am sincerely sorry," regarding his past remarks that "chaebols exploit South Korea." (Photo = Newsis) Chairman Joo made these remarks on the 21st ahead of the comprehensive parliamentary audit by the National Assembly's Political Affairs Committee, saying, "I am sincerely sorry that the meeting could not proceed smoothly due to my answers (during the policy audit of the FTC on t…
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