South Korea Firms Told to Create Jobs

South Korea’s top economic policymaker on Friday asked companies to do more to create jobs and spearhead innovative growth in the latest appeal to the business community to join the government’s efforts to push for a more balanced and sustainable economy, Yonhap reported. In a meeting with Shinsegae Vice Chairman Chung Yong-jin and top executives of affiliates of the business group in Hanam, just southeast of Seoul, Finance Minister Kim Dong-yeon stressed the importance of cooperation between the private sector and the government to usher in innovative growth. In September 2016, Shinsegae Group opened the country’s largest shopping complex in Hanam. The Moon Jae-in government is preaching growth centered on innovation, which it claims will help Asia’s fourth-largest economy secure its potential growth and allows for sustainable expansion that can benefit everyone. The latest gathering is the fourth round of such talks between the finance minister and heads of major South Korean business conglomerates.