4.9 • 9 Ratings
🗓️ 7 July 2017
⏱️ 14 minutes
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0:00.0 | Hello, I'm David Plott, Emlex's managing editor for Asia. Welcome to this latest in our series of podcasts, our first from South Korea. |
0:10.0 | Today we head to Seoul for a look at what may prove to be an important change in the business environment there. |
0:17.0 | Now you'll recall that South Korea's former president was removed from office in a corruption |
0:22.0 | scandal back in March. And after that, an election ushered in a new government. Well, with that new |
0:28.9 | government, naturally enough, have come new political appointments. And one of those appointments |
0:34.5 | brought in a new man to head up the country's antitrust regulator. |
0:38.4 | That's Kim Sang-jo, the new chief of the Korea Fair Trade Commission. |
0:43.8 | Less than a month into his job, he's already got some profile, |
0:48.1 | and it seems that change is coming to the agency. |
0:51.8 | With me now to discuss Kim, the commission and the kinds of developments |
0:56.1 | ahead in South Korea's antitrust landscape is Emlex correspondent Donby Lee in Seoul. |
1:02.7 | Welcome to this podcast, Donby. Thanks, David. Donby, Kim comes to the KFTC with some pretty |
1:09.3 | heavyweight backing from South Korea's new president. What can you tell |
1:13.6 | us about him? |
1:14.6 | So unlike the past KFTC chairman who was from the KFTC, Kim Sangjo is a former professor |
1:21.6 | and a former advisor for a civic group called People Solidarity for Participatory Democracy, |
1:26.6 | which is known to combat unfair |
1:28.9 | business practices. Now, Kim was widely known for his antitrust-related activities that dealt |
1:35.2 | mostly with Chebels, which are South Korea's family-owned business group, where he strongly |
1:40.9 | protested against their unfair business practices and governance structure. |
1:46.2 | Also, he's been a close person to the new President Moon Jay-In as Kim helped outline the economic |
1:52.6 | blueprint in the presidential campaign in regards to the KFDC. So he was already the KFTC chairman |
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