Kick out corrupt managers: Korea’s answer to the credit crisis
Published: 03 February, 2009, 08:54
TAGS: Interview
Governments should take over failing businesses and kick out crooked businessmen in their efforts to beat the financial crisis, says the former South Korean President Kim Dae-jung.
He headed South Korea during the Asian financial crisis of 1997 and managed to put the country back on track with his reforms.
In an interview with RT, Kim Dae-jung also shared his view on the denuclearisation of the Korean Peninsula and North Korea’s future in the event of Kim Jong-il’s death.
The former leader of South Korea was awarded a Nobel Peace Prize for his effort to reconcile the two Koreas while he was in power.
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