JEJU - Korea will be able to further expand its “economic territory” if its second-largest city of Busan hosts the World Expo in 2030 as the nation forms closer ties with countries in South America, Africa and elsewhere, according to the head of the biggest business lobby here, Wednesday.
Calls are mounting to pardon Samsung Electronics Vice Chairman Lee Jae-yong and Lotte Group Chairman Shin Dong-bin, fanned by expectations of an economic recovery led by the private sector to navigate Korea s economy, which faces challenging downside risks both from within the country and abroad, according to market watchers, Friday. Many say President Yoon Suk-yeol should pardon the top corporate decision makers, who were indicted on bribery charges, in order to stimulate investments and create more jobs, helping the economy deal with the protracted COVID-19 pandemic and surging prices of goods and services.