President names chaebol critic as new chief of market watchdog
President names chaebol critic as new chief of market watchdog
  • Lee Sung-won
  • 승인 2017.05.17 17:53
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President Moon Jae-in on Wednesday tapped a well-known critic of large conglomerates as the new chief of the corporate watchdog Fair Trade Commission (FTC).

Kim Sang-jo, a economics professor from Seoul's Hansung University, has been nominated as the new head of the FTC, according to the presidential office Cheong Wa Dae.

"He has been nominated as he is considered the right person to set the direction for a new relationship between larger and smaller businesses based on his deep understanding of the new administration's governing philosophy," Cho Hyun-ock, Moon's chief secretary for personnel affairs, told reporters.

Moon's liberal government was inaugurated Wednesday, following his landslide victory in a rare presidential by-election held the day before.

Kim was the first ministerial-level official to be nominated by Moon since his inauguration as his pick for prime minister, Lee Nak-yon, still awaits his parliamentary confirmation hearing.

"Kim's nomination, as the first of its kind for ministerial-level officials, means that overcoming the economic crisis with an unfair market system is nearly impossible and that the government will build a fair market system to help revitalize the economy," Cheong Wa Dae said.

The president also named the new minister of patriots and veterans affairs.

Pee Woo-jin, a retired Army Lt. Col. and pilot, replaced former Minister Park Sung-choon, who was apparently sacked last week for his opposition to making a controversial protest song an official part of an annual ceremony marking the 1980 democratic movement in Gwangju, located 350 kilometers south of Seoul, which is considered the home to the liberals, including the ruling Democratic Party.

Pee was named the new minister as her appointment did not require a confirmation hearing.

When asked, Pee said she will loudly sing the song, which has been made an official part of the ceremony held on May 18 each year by an executive order signed by President Moon. (Yonhap)

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