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Biz organizations call for tighter security

All Headlines 15:32 December 19, 2011

SEOUL, Dec. 19 (Yonhap) -- South Korea's business organizations urged the government Monday to beef up efforts to prevent the North Korean leader's abrupt death from having a negative impact on the local economy.

The call came hours after the North Korean state news agency said that its leader Kim Jong-il "passed away from a great mental and physical strain" during a train ride at 8:30 a.m. on Saturday. He was 69.

The Federation of Korean Industries (FKI), South Korea's biggest business interest group, voiced concern that Kim's death could destabilize inter-Korean relations, having a negative impact on the local economy.

"The government should be fully prepared to wisely cope with any contingencies stemming from the death of the North Korean leader," the FKI said in a statement. "We entrepreneurs will do our best and concentrate on our duty without wavering under this emergency situation."

The Korea Chamber of Commerce and Industry called for concerted efforts to ensure national security in the aftermath of Kim's unexpected death.

"The government should make every effort to minimize economic and corporate effects of this emergency," said the chamber in a statement. "Every Korean and company should trust the government and carry out their role with a cool head."

The Korea Employers Federation also asked the government to leave no stone unturned to keep the country, currently facing a tough economic situation, from lapsing into chaos and unrest.

"We demand that the government be on full alert against all possible situations and the political community make all-out efforts to stabilize the society," the statement said.


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