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This grand deal is estimated to have displayed President Lee’s unique momentum and determination. President Lee has been called a “ restructuring man ” 1 year and 7 months after the opening of the sale of problematic subsidiaries such as Daewoo Shipbuilding & Marine Engineering, Kumho Tire and Dongbu Steel, which have not been resolved by former Sangeun presidents over the past 20 years.
However, there is also criticism for choosing the relatively “easy” way to sell to chaebol companies using national taxes (political funds) instead of the primary restructuring principle of sharing the pain of stakeholders in this process.
It is a contrary statement that Kim Seok-dong, former president of the Financial Services Commission, also played a role in this integration. In a call with Hankook Ilbo, former President Kim spared the words: “(The integration work) was done by Saneun.”
However, in the financial sector, former president Kim, who has been chairman of the Hanjin-Kal board since April, not only advised the Hanjin group to accept the lender’s proposal, but should also coordinate work with senior officials government under water. This is interpreted because President Lee and former President Kim are the same members of Gyeonggi High School (68th episode), and former President Kim has taken care of outstanding issues whenever there is an economic crisis. and has been referred to as the “chief of countermeasures”.
A financial sector official said: “While Kim didn’t design or build a bridge himself, this interpretation seems to come up due to the fact that he has a lot of bones in the business world and has a connection with the political world.”
Heo Gyeongju reporter [email protected]
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