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President Moon calls to root out defense industry corruption Updated: 2017-07-18 12:06:16 KST

During the regular Monday meeting with his top aides, President Moon Jae-in practically declared war on corruption within the defense industry.

"Defense industry corruption is more than just corruption.
I believe it's an act that breaks down our security and benefits our enemy.
Rooting out such corruption is a matter of patriotism, a task we cannot put off any longer."
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President Moon was indicating the recent scandal involving the Korea Aerospace Industries, Korea's defense giant.
The prosecution raided the KAI last week on allegations of inflating production costs for a home-grown transport utility helicopter, named Surion , allegedly earning nearly 50-million U.S. dollars worth of illicit profits.
Emphasizing that people expect corruption to be eliminated, the South Korean president said he will seek to reinstitutionalize a trans-government anti-corruption meeting, serving as the nation's control tower to prevent corruption in the future.
The meeting, which was first introduced in 2004 by the instructions of former President Roh Moo-hyun, was halted by the former Lee Myung-bak administration.
During the meeting, President Moon also welcomed the recent decision to hike the nation's minimum hourly wage to 7,and-5-hundred-and-30 Korean won, or about 6.7 U.S. dollars, starting next year.
That's an sixteen.four percent increase from the current 6,and-4-hundred-and-70 won.
President Moon has pledged during his election campaign to increase the minimum wage up to 10,000 won by the year 2022.
However, concerns have been growing from small businesses, who fear they will be forced to shutdown due to the wage hike, President Moon also pledged to additionally support SMEs to cope with the change.

"Such measures that were discussed include the financial support for the job stabilization fund, reducing costs in management, establishing fair trade order, improving management conditions, and reinforcing competitive power."

President Moon further asked for the cooperation of Congress for the bills that will be drawn regarding such efforts and support will be passed swiftly.
Hwang Hojun, Arirang News.
KOGL : Korea Open Government License
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