Business asks Lee to clear uncertainties

The Korea Chamber of Commerce and Industry on Thursday invited about 1,300 leaders from all sectors, including President Lee Myung-bak, emphasizing greater growth in terms of exports, new jobs and bigger investments at its New Year’s greetings in southern Seoul.

The event, which was organized by the country’s largest business lobby and participated by leaders from the business, government, societal and diplomatic circles, was the first meeting between the president and business heads in 2012.

“I hope this year could be one which the country establishes great growth in all sectors that not only include business, but also politics, society and culture,” said KCCI chairman Sohn Kyung-sik in a welcome address. “Our economy is going through tough times but I believe we could turn it into an opportunity if the business leaders give their utmost efforts as a whole.”

Sohn also said the government must get rid of the uncertainties in all of its policies, maintaining consistency and reliability, for the businesses to make greater investments and provide more workplaces.

“The firms must also give their best to lead the country’s growth with their investments and technology development as well as increased jobs,” he said.

President Lee applauded the business groups’ plan that highlighted greater investments and higher number of new jobs, stating that this year’s economy will not be considered a crisis if KCCI chief hopes for great growth in 2012 the nations fully braces up for it.

“We’ve worked to revive the economy last year, but I believe we could do a little better this year,” he said, indicating that the figure for trades recorded 1 trillion won in 2011.

“I’m devising plans on how to assist our firms for a better business environment. There are concerns involving South and North Korea relations, but opportunities exist among transformations. That is why the government is drafting a specific scheme that will enable firms to make investments and allow the people to pursue their careers and livings.”

The attendees included President Lee, KCCI chief Sohn, Huh Chang-soo, chairman of the Federation of Korean Industries, Hyundai Motor Group chief Chung Mong-koo, Lotte Group chairman Shin Dong-bin, POSCO chief Chung Joon-yang, LG Chem vice chairman Kim Bahn-suk and Doosan’s Park Yong-hyun.

Bank of Korea Gov. Kim Choong-soo, Finance Minister Bahk Jae-wan and National Assembly speaker Park Hee-tae were also present at the meeting.

During the meeting, President Lee asked the participants to work together towards creating societal growth as well as pursuing harmony with the people.

At the yearly event which is held every January, the participants also shared their New Year resolutions and greetings along with views on how to boost the economy even with the ongoing economic slowdown seen in many advanced nations this year.

By Cho Ji-hyun (sharon@heraldcorp.com)