Chairperson Ju Biung-ghi said on the 25th that "even if it is not a relaxation of the separation of industrial and financial capital, there are ways to activate investment in strategic industries through other forms of deregulation." He said semiconductor investment can also be induced through other methods, such as using the corporate venture capital (CVC) system. Following a press briefing on the 21st, he again signaled a cautious stance on easing the separation of industrial and financial capital.
The Chairperson appeared on MBC Radio's "Kim Jong-bae's Focus" that day and emphasized, "We must not damage the foundation of the separation of industrial and financial capital," adding, "It is a regulatory principle that advanced countries developed after experiencing multiple economic crises to prevent the transmission of crises between industry and finance and to ensure efficient finance."
He said, "Even now, owner families maintain an abnormal economy in which they engage in octopus-like expansion into unrelated sectors, on average controlling around 40 affiliates and as many as over 200, with second and third generations inheriting control." Chairperson Ju said, "Through the separation of industrial and financial capital, there is a need to manage so that the private coffers of financial institutions and individual corporate groups do not exacerbate issues such as the concentration of economic power in large corporations or the expansion of control by owner families."