Yoon Sang-Jik, Minister of Trade, Industry & Energy of Korea, had a meeting regarding investment and employment with presidential committees of domestic top 30 groups at Lotte Hotel Seoul on October 29.

While recent Korean economy experienced 1% level of growth for two quarters in a row with a favorable trend of export, expectation towards economy recovery develops, for instance, the number of employees increased by more than 400,000 for two consecutive months and so on. Minister and vice-ministers of the government’s financial department and presidential committees of top 30 groups put head together and discussed measures to actualize the expectation of economic recovery with investment and employment in fields.

At the meeting, minister Yoon called for aggressive management activities during the remainder of the fourth quarter in order for the top 30 group’s plan to make KRW 155trn ($146.1bn) investment and employment of 140,000 people to be 100% realized for this year.

Moreover, Yoon said that Korea’s export performance is very likely to renew the record high that a momentum for economic recovery, which occurred after a long interval, needs to be led to a continuous growth trend.

The minister added, "Most of large enterprises attending the meeting considered that the economy ‘got better’,” and said, “Particularly, shipbuilding and offshore plant sectors were said to be confronting the end of long tunnel, so I was relieved.”

From shipbuilding industry, Kim Oi-Hyun, president of Hyundai Heavy Industries, Koh Young-Youl, vice president of Daewoo Shipbuilding & Marine Engineering and others attended the meeting.