[LETTERS TO THE EDITOR]Probe shows transparencyPeople have expressed concern about the Blue House becoming hostile to foreign investors. It is truly a wonderful thing that everyone seems very attentive to what the Roh administration is doing. Nevertheless, this is too much, and people need to relax a little.
Certainly under normal circumstances, inspecting foreign investors for no reason is wrong. However, the circumstances here involve a company owned by foreigners making millions of dollars by snapping up South Korean assets in the aftermath of the 1997-98 Asian currency crash and selling them after Korea’s economy recovered and the prices of the assets rose.
In this vein, who are we to deny the Korean government the right to investigate this situation in the name of “transparency” and “justice”? I can only conclude that the South Korean government is only trying to follow the path of “good governance” for its national economic security and stability. There is no reason for people to be so preoccupied with this issue. The Blue House is doing its job.
by Allison Kim