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Finance minister vows to listen to biz circle

All News 14:23 December 12, 2017

SEOUL, Dec. 12 (Yonhap) -- South Korea's chief economic policymaker said Tuesday that the government will cooperate with local firms in seeking innovative growth and try to ease regulations hampering their businesses.

In a meeting with senior executives from LG Group, Finance Minister Kim Dong-yeon also said large firms should make efforts for coprosperity with their subcontractors and smaller suppliers.

"One of the government's key policies is innovative growth, and local firms and the society should play a key role (in that)," Kim said. "I would listen to the business circle's voice, and the government will do its best if there are things to be done."

In July, President Moon Jae-in invited a group of chiefs of the country's major conglomerates to exchange views on how to generate more jobs and improve other issues, such as the coexistence of large and small companies.

The finance minister said the government will continue to hold meetings with other firms to listen to their demands.

Finance Minister Kim Dong-yeon (5th from L) shakes hands with LG Group Chairman Koo Bon-moo in Seoul on Dec. 12, 2017. (Yonhap)


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