[Asia Economy Reporters Donghoon Jeong and Muneowon Mun] Ahn Cheol-soo, chairman of the Presidential Transition Committee, announced future growth engines for the Korean economy while increasing criticism of the Moon Jae-in administration. He stated that the Moon administration failed to create a fair market structure and expressed the new government's determination to focus on growing future industries.
At a press conference on the announcement of future growth industries and new growth strategies held on the 25th at the Transition Committee office in Tongui-dong, Jongno-gu, Seoul, Chairman Ahn said, "While the Moon Jae-in government focused on government-led and income-growth-driven development, the new government approaches with the philosophy that 'job creation is done by the private sector.'" He added, "Also, the Moon administration operated a government-controlled economy and failed to create a fair market structure. When I meet younger venture entrepreneurs, many still suffer from unfairness," he pointed out.
He continued, "The biggest problem is parachute appointments," and said, "Personnel should be selected based on skill and ability, but if people who worked in the election camp or acquaintances are placed in high-paying positions, it all becomes a burden on the public. Such things must not happen anymore," he criticized.
Chairman Ahn criticized the current government for operating industrial policies centered on the so-called Big 3?semiconductors, future cars, and bio-health?while neglecting future industries. He said, "They focused on businesses that can currently make money and did not pay much attention to future industries," adding, "Once the currently booming industries end, there is no visible next step." He continued, "We intend to focus not only on the Big 3 but also on newly growing fields and areas where large markets can be created."
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