Korea finance minister appeals to Hong Kong investors

After a year of setbacks, Minister Jin Nyum needs to rebuild KoreaƆs image.

At a Goldman Sachs sponsored forum this Friday, Jin Nyum, deputy prime minister and minister of finance and economy for the Republic of Korea, made a public appeal to the Hong Kong investment community for its support, and to defend the governments record on reform.

The government is aware that it has a massive public-relations problem with international investors. The government has been accused of backtracking on bank and corporate structure reforms by global investors, and has been constrained by political and labour opposition. These problems have been compounded by slowing growth due to a global economic slowdown that has reduced exports and by a credit crunch late last year when sentiment plunged...

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