He also offered warm but critical comments on the current Korean economy. Kim emphasized the importance of creative innovations as the key engine for business success. While creative minds are tightly related to the clash of ideas through active and open discussion, the Korean corporate culture does not allow for such mutual communications under a vertically rigid structure. In addition, he said that a culture that does not embrace new trials and errors is the biggest enemy to providing vitality to the economy. He maintained that it is essential to create a new corporate culture in which each individual’s potential is fully acknowledged instead of being suppressed for unison itself.

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