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Diplomats come to fore at business lobbies

The growing importance of business relations with foreign nations is inducing Korea s business lobby groups to give key posts to former diplomats, instead of businesspeople or former officials of the finance and industry ministries, according to industry officials, Thursday.

FKI chairman voices intention to step down next month

Federation of Korean Industries (FKI) Chairman Huh Chang-soo expressed his intention to resign after his term ends next month, according to industry officials, Friday. Huh announced his intention last week while having a meal with the vice chairman of the FKI at a hotel in Seoul. The dinner was attended by Kolon Group Honorary Chairman Lee Woong-yeul and Hanjin Group Chairman Cho Won-tae.

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