|
COPYRIGHT 2007 Asia Pulse Pty Ltd
SEOUL, Dec 31 Asia Pulse - President-elect Lee Myung-bak said Friday he will create a "business-friendly" government to make it easier for companies to invest, signaling a major shift from the incumbent administration, which tried to reform powerful family-run conglomerates.
Lee, who will become South Korea's first president with a business background, has said he will cut corporate taxes from the current 25 per cent to 20 per cent and make it easier for industrial conglomerates to own stakes in financial companies.
"The only thing that a government can do to create jobs is to encourage corporations to invest," Lee said in a meeting with owners of conglomerates such as Samsung, Hyundai Motor, LG and SK.
"I'm here to pledge that I will...
Read the full article for free courtesy of your local library.
|
Bookmark this article
Print this article
Link to this article
Email this article
Digg It!
Add to del.icio.us
RSS
