South Korean President New Year's Address Argues Big Business Must Support Smaller Firms

In his 2005, New Year's Address, President Roh Moo-hyun said, "The widening gap between big businesses and small and medium-sized businesses, high-tech industries and traditional industries, regular workers and irregular workers, capital region and the provinces, and upper and lower classes is an urgent task we can no longer ignore."

Roh argued that large corporations must lend a helping hand to small and medium-sized ones, regular workers to irregular ones, the capital region to the provinces, and the higher social classes to the the grassroots.

Roh said competitive big businesses and high-tech industries should lead economic growth and provide wide support to technologically and competitively less-capable small and medium-sized firms and the general public so that they may develop together.

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