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The recent appointment of Poongsan Group Chairman Ryu Jin as the new head of the Federation of Korean Industries (FKI), which used to be the country's premier business lobby group, did not come as a surprise to most business insiders, despite the fact that the group's size of assets falls behind those of Korea's 70 other larger firms.
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LS Group Chairman Koo Ja-yeol (right), who doubles as chairperson of the Korea International Trade Association, and Poongsang Group Chairman Ryu Jin, the new chairperson of the Federation of Korean Industries, shake hands after their first official meeting as the heads of the nation’s top business groups at the Trade Tower in Seoul, Wednesday. During the meeting, the two leaders exchanged opinions on the role o...
The Federation of Korean Industries (FKI) was set to announce a string of measures Tuesday in a major revamp aimed at restoring its reputation as an influential business lobby after years of setback over a political scandal.
The Federation of Korean Industries (FKI), which used to be the country's premier business lobby group, pledged to regain public trust and improve its reputation that was tarnished following a political corruption scandal.
The new chairperson for the Federation of Korean Industries vowed that the business lobby group would prevent government-business collusion and push for a transparent corporate culture to “clean up the dark past” of a massive influence-peddling scandal it was embroiled in 2016. In its ad hoc general meeting held Tuesday, the lobby group appointed Ryu Jin, chairman of Poongsan Group, as the new chairperson...