Why Yoon looks to ex-Samsung CEO as head of public-private joint committee

Published date11 May 2022
Publication titleThe Korea Times

br By Baek Byung-yeulFormer Samsung Electronics CEO Kwon Oh-hyun is reportedly being considered for the role of chairman of the Yoon Suk-yeol administration's proposed public-private joint committee.This is seen as an attempt by the new government to establish strategies to foster tech industries by utilizing the experience of the ex-CEO, who led the tech giant's semiconductor business until 2017, according to industry officials, Wednesday.

The public-private joint committee is a presidential committee under which private experts and government officials will work together to enact policies on major issues.President Yoon has been saying since he was running as a presidential candidate that he would establish the joint committee, to act as a bridge between government departments and the private sector as well as to reduce the much-criticized excessive power of the presidency.

The president, who officially took office on Tuesday, seems likely to appoint the ex-CEO due to his deep knowledge of the global situation, so he can discover promising new business sectors that the government should support and develop the capabilities of domestic companies further, said Kim Dae-jong, a business professor at Sejong University. "People from companies know better than government officials about how the actual business procedures work in the field.

Therefore, appointing Kwon would be a positive...

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