“I can’t overturn the promise of the chief executive officer of the country to relocate the head office to Busan”
“The Industrial Bank of Korea will be responsible for 1%p of economic growth… Supporting the semiconductor industry 30 trillion won for 5 years”
“Policy to expand sales organization in the prefecture, metropolitan area and Gyeonggi Province”… 100 days of inauguration press conference
On the 14th, Chairman Kang Seok-hoon of Korea Development Bank (KDB) announced that Daewoo Shipbuilding & Marine Engineering (DSME) would accelerate its sale along with strengthening its competitiveness.
Sane said that regarding the relocation of the headquarters to Busan, the policy set by the country’s chief executives cannot be overturned, and that he will meet and persuade employees who have previously resisted.
Chairman Kang held a press conference on the 100th day of his inauguration at the headquarters of Saneun Yeouido on the same day and made this statement regarding major issues.
Chairman Kang said about the direction of Daewoo Shipbuilding’s competitiveness enhancement and treatment, “I believe that the system in which the Industrial Bank of Korea is the major shareholder is no longer effective.”
He said, “I think the way to save Daewoo Shipbuilding is to strengthen R&D and create new management entities that can increase efficiency.” “, he added.
Regarding the possibility of the separate sale of Daewoo Shipbuilding, Chairman Kang said, “I spoke about the separate sale (at the National Assembly) in the sense that it is important to make an effort to sell quickly in any way. “It is basically impossible to sell overseas,” he said.
Regarding the relocation to Busan, San expressed his will to persuade him to justify the move through frank conversations with the staff.
The labor union and employees held a rally in the lobby of the main store on the afternoon of the same day and continued to strongly oppose the relocation of the main store to Busan.
Chairman Kang said, “The president publicly spoke at the 7th Emergency Economic and Welfare Meeting on the 31st of last month and confirmed by the Prime Minister and the Deputy Prime Minister during the inquiry on the pending issues of the National Assembly Preliminary Committee.” I want[employees]to understand that I cannot overturn what they have set,” he said.
He said, “As far as possible, it is possible to expand the regional sales organization in Bu, Ulsan, and Gyeongnam (Busan, Ulsan, Gyeongnam) and contribute to the local industry by distributing operating assets to the extent that it does not conflict with the provisions of the Korea Development Bank Act, which mandated that KDB maintain its headquarters in Seoul. We plan to start early,” he said.
Meanwhile, Chairman Kang said at the meeting on the same day that the Korean economy is in an imminent crisis situation that could fall into a swamp of ultra-low growth and announced the vision that KDB would take responsibility for 1 percentage point (p) of the Korean economy’s growth rate.
“The biggest problem facing the Korean economy is the crisis of ultra-low growth,” said Chairman Kang.
“I think KDB’s ultimate goal is to raise the potential growth rate of our economy and help us escape from the swamp of ultra-low growth to come,” he said.
Chairman Kang said that he would first select about five industries and provide intensive support for the project to take off again for the Korean economy.
He said, “The first project will intensively support the semiconductor industry.” “10 trillion won for fabless (semiconductor design company) and foundry (semiconductor consignment production), 10 trillion won for nurturing small managers (materials, parts and equipment), and memory semiconductors. “We are considering financial support of 30 trillion won over the next five years, including 10 trillion won,” he said.
/yunhap news