South Korea's finance minister visits Samsung Electronics

South Korea's finance chief is urging Samsung to do more to create jobs and spearhead innovative growth.
His trip to one of Samsung's biggest domestic plants on Monday was just the latest appeal to the local business community to join the Moon administration's job-first policy.
Kim Hyesung reports.

Finance Minister Kim Dong-yeon met with Samsung Group Vice Chairman Lee Jae-yong Monday at the conglomerate's semiconductor plant in Pyeongtaek, south of Seoul.
Minister Kim emphasized the role of Samsung in helping create a new growth engine for the Korean economy and in stemming unfair business practices.
He said the government will help create an innovative economic platform through investment in areas like AI, big data, and shared economy.
At the same time, he said improving the corporate governance structure is critical for a leading company like Samsung Group to regain public support and investors' trust.
After a tour of the semiconductor production line, Minister Kim and Lee held a closed-door meeting along with various government officials including the vice minister of the science ministry and heads of several Samsung divisions.
The finance ministry said the two sides discussed job creation, private-public sector cooperation and deregulation.
In particular, Samsung is known to have requested for deregulation in biotech, 5G and foreign investment....and said the company will invest in smart factories and cooperate with subcontractors.
Minister Kim said at a press briefing following the meeting that the government will review those areas of regulations.
It's the fifth time that the finance minister visits a Korean company to meet with its top management,.... after previously visiting LG Group, Hyundai Motor, SK Group and Shinsegae.
Details of Samsung Group's investment plans are expected to be announced in the near future.
Kim Hyesung, Arirang News.