[Korea's financial standing hyomun newspaper reporter] Federation of Korean Industries (FKI below) should change the name to the Korea Federation of Enterprises (hereinafter referred to hangiryeon). The organization is also reduced in size from the existing seven truly Division 1 Division 2.
FKI announced the name change inside the organization 24 days to innovation 'hangiryeon "and said it carried out the integration of the Korea Economic Research Institute (hereinafter referred to hangyeongyeon). In addition to changing the name of the organization and the budget was reduced by more than 40%, the Presidency conducted a meeting with the abolition of the Management Board established, and abolished social headquarters was carried out every month.
Gwontaesin FKI full-time vice president, FKI name change and the Management Board established has been made related to the articles of association must be approved through the Board of the General Assembly, it said, however, the size of the organization changes and the Presidency meeting abolition, etc. will be able to embark on full-scale work next week ' he said.
He also added that 'the Board of Management of hangiryeon major policy direction, decision-making, the highest decision-making body that determines the direction for the work, saying' will be composed of 20 members.
The FKI chairman Huh Chang-soo said, "I will avoid any involvement in the future without being used or political purposes" said "leaving only members communicate and private economic diplomacy will feature launched a reform comparable to the de facto dissolution.
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