Ryu Jin, chair of POONGSAN Group and of The Federation of Korean Industries, revealed a plan to build a world-class golf course in Andong, North Gyeongsang, his hometown.
On the 6th, Ryu attended the joint meeting of the Task Force on Strengthening Competitiveness in the Service Industry and the FKI committee on strengthening service industry competitiveness, presided over by Deputy Prime Minister and Minister Koo Yun-cheol, at the Westin Josun Seoul in Jung-gu, Seoul, and said, "Poongsan is a manufacturing corporations, but it is also very interested in strengthening the competitiveness of the service industry," adding, "We have a plan to build a world-class golf course in Andong, North Gyeongsang."
Ryu's remarks came during discussions on ways to strengthen the competitiveness of the domestic service industry. The meeting was arranged for corporations to propose to the government institutional improvement tasks to foster the service industry. The service industry accounts for more than 60% of domestic real gross domestic product (GDP), and its employment inducement effect is analyzed to be about twice that of manufacturing. However, Korea still does not even have a basic law in place to develop it.
At the meeting, FKI proposed 20 policy tasks, including: ▲ enactment of the Basic Act on the Development of the Service Industry ▲ activation of financial support for K-content ▲ expansion of the tax credit for post-production of video ▲ improvement of the standard courier contract terms related to non-face-to-face delivery. Deputy Prime Minister Koo Yun-cheol said, "We need to redraw the framework for the development of the service industry," adding, "Enacting the Basic Act on the Development of the Service Industry to focus support on research and development (R&D), taxation, and finance is urgent."