- The transition team will be considering adopting defensive measures against hostile takeover attempts, such as a ‘golden share’ when a public firm is privatized. However it will not introduce the rule to a private firm, in line with the global standard and considering a possible negative impact of the rule to the stock market.

- The new government is to establish an economic team within Cheong Wa Dae, with the mission of ‘control tower’ to manage and control overall economic policies

- The Fair Trade Commission is set to change its company investigation practices, often criticized as being ‘hard-handed,’ as the presidential transition team asked it to be more company-friendly. An official from the agency said “we have been conducting investigation according to law and relevant regulations but we are going to look into where there needs to be some revision on the existing practices as our investigation often makes firms ‘cowered.’”

- The Labor Ministry revised laws to enable firms to hire irregular workers from the current 2 years to three years to overcome prevalent practices by companies of firing non-regular workers after two-year contract expires.

- Korea Chamber of Commerce has submitted a recommendation to the new government, which asked to adopt more business-friendly measures such as aggressive corporate tax cut, abolishing the wall between banking and business sectors, and adopting defensive measures against hostile M&A attempts.

- The Board of Audit and Inspection of Korea is said to have been conducting probe into the management of inter-Korean cooperation funds since the end of last year. Seven or eight companies involved in the inter-Korean business have been confirmed to misuse the government fund.