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Is career diplomat suitable to lead SMEs ministry?

Debate is heating up over the recent nomination of Second Vice Minister of Foreign Affairs Oh Young-ju as the minister of SMEs (small and medium-sized enterprises) and startups, because she has only worked as a diplomat in her entire 36-year career, according to industry officials, Wednesday. ....

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Business leaders call on president to veto pro-labor bill

Korea’s six largest business lobbies held a press conference, Monday, condemning the passage of a bill at the National Assembly last Thursday for labor-friendly revisions to the Trade Union and Labor Relations Adjustment Act. ....

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Business lobby group revamped

Ryu Jin, head of the Federation of Korean Industries (FKI), second from left, celebrates the unveiling ceremony of its new stone sign in front of its headquarters in Seoul, Tuesday. From left are Hyosung Group Chairman Cho Hyun-joon, Ryu, Samyang Holdings Chairman Kim Yoon and FKI Vice Chairman Kim Chang-beom. The FKI made slight changes to its Korean name for the first time in 55 years, reaffirming its willingness to get back to basics. Courtesy of FKI ....

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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. ....

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South Korea key for Europe to manage fallout from China-U.S. rivalry, report says

By Josh Smith SEOUL (Reuters) - Closer ties between the European Union and South Korea under President-elect Yoon Suk-yeol are imperative for managing. ....

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