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December 31st, 2006

New Engine Essential for Economic Growth

Samsung Economic Research Institute also said that the government should dramatically deregulate corporate management, and boost corporate investment. "It should promote investment in the service sector through deregulation and the opening of the market," said Kim Beom-sik, a senior researcher at the institute. He also advised that Korea needs future growth engines, such as biotechnology and nanotechnology to continue the growth led by IT.


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