icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Kick out corrupt managers: Korea’s answer to the credit crisis

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.

Dear readers and commenters,

We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system.

Sorry for the inconvenience, and looking forward to your future comments,

RT Team.