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제목    [Interview] Former senior presidential economic secretary Kim In-ho
주관기관/행사명   Korea Economic Weekly 발행일자   2000/10/23 조회수   0
  Kim In-ho, former senior presidential secretary for economy, has recently become a chairman of WISE Infonet, the nation's leading information provider on overseas economy and business.


Before joining WISE, Kim had been a government technocrat and economist for over 30 years. For the past 10 years, he has held higher positions of government such as deputy minister of environment, president of the Korea Consumer Protection Board, and president of the Fair Trade Commission.


After resigning his post as senior presidential secretary for economy, he served as president at the National Strategy Institute.


Kim talked about Korea's recent economic situation and a vision for WISE Infonet in an interview with Korea Economic Weekly on October 12.


"Korea has been through a tough time since the financial crisis which broke out in late 1997. However, I think, the Korean economy is not out of woods yet. It should make necessary changes to prevent another crisis from happening."


He mentioned the problems of Korea's economic structure and non-economic factors which may worsen the current economic conditions. Non-economic factors include political and labor disputes, ongoing inter-Korean relationship and the oil crisis in the international market.


"Government regulations and economic structure should be governed by market principles for the economy to make a true recovery. The Korean economy needs to embrace market mechanisms more," he said.


Kim has a positive view on the nation's IT start-ups because of the potential with highly-educated manpower, rapidly increasing number of Internet users, and a strong national telecommunications infrastructure. However, in the same way as the whole economy, he said that the IT industry also needs to go to the right direction of a market economy, rejecting any government meddling.


Asked to provide his vision for WISE Infonet, Kim said the company will become the biggest source for high value-added international news among Korean readers. "WISE Infonet goes with the wave of the future: Globalization, enhancing competitiveness and consumer-oriented economy." In order to push for globalizing the company, he will pursue a plan to form alliances with foreign new sources such as Bridge News, he said.


WISE Infonet was founded in 1993 as 'WISE DBase' to provide strategic information on overseas economy, politics, society, industry and new technology.


As he emphasized the market economy, a framed calligraphy which says 'Back to the Market' in Korean hangs on the wall of his office at WISE Infonet. Kim is expected to demonstrate his market-oriented business strategy at WISE.
 
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