Ombudsmen will be empowered

Yoon Jin-sik, the head of a task force handling attracting foreign investment of the presidential transition team, said the new government will revise the current ‘Ombudsmen’ system which was set up in 1999 aimed at help out foreign investors working in Korea, to empower it with more legal authority.

There are seven ombudsmen currently working to resolve various problems facing foreign investors, and the number is likely to increase so that one ombudsman can handle about 100 companies, not 400 ones they are currently dealing with.