By Kim Yoo-chul
The country's two top business lobby groups paid tribute to former President Kim Young-sam, who passed away in Seoul early on Sunday, by praising his efforts to ease the government's intervention in the local financial market.
"The late President Kim has been credited with bringing transparency to the country's murky financial system by leading the way to abolish bank accounts held under aliases and in other people's names," the Federation of Korean Industries (FKI), the country's most influential lobby group, said in a statement.
"Under his reign, the Korean economy got a chance to advance another step toward transparency," FKI said.
The Korea Chamber of Commerce and Industry (KCCI), another influential business lobby led by Doosan Chairman Park Yong-maan, said in a separate statement; "The local economy expanded rapidly, and under his term, Korea has entered a member of the Organization of Economic Cooperation and Development (OECD), offering pride to the people of Korea."
The KCCI statement also highlighted the late President Kim's efforts to disband a group of private officials within the military that had produced politicized generals.
"Under Kim's term, Korea saw development of democracy. We will make our very best to respect such efforts and to bring more prosperity to the people of Korea," the KCCI said.
Highlighting the late President Kim's commitment to make transparent financial systems, the Korea Employers Foundation also said in a statement; "He was the man who devoted himself to bringing transparency in the local financial systems."
The country's two top business lobby groups paid tribute to former President Kim Young-sam, who passed away in Seoul early on Sunday, by praising his efforts to ease the government's intervention in the local financial market.
"The late President Kim has been credited with bringing transparency to the country's murky financial system by leading the way to abolish bank accounts held under aliases and in other people's names," the Federation of Korean Industries (FKI), the country's most influential lobby group, said in a statement.
"Under his reign, the Korean economy got a chance to advance another step toward transparency," FKI said.
The Korea Chamber of Commerce and Industry (KCCI), another influential business lobby led by Doosan Chairman Park Yong-maan, said in a separate statement; "The local economy expanded rapidly, and under his term, Korea has entered a member of the Organization of Economic Cooperation and Development (OECD), offering pride to the people of Korea."
The KCCI statement also highlighted the late President Kim's efforts to disband a group of private officials within the military that had produced politicized generals.
"Under Kim's term, Korea saw development of democracy. We will make our very best to respect such efforts and to bring more prosperity to the people of Korea," the KCCI said.
Highlighting the late President Kim's commitment to make transparent financial systems, the Korea Employers Foundation also said in a statement; "He was the man who devoted himself to bringing transparency in the local financial systems."
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