[The Economist] Securities industry emphasizes internal control: "control is an investment, not a cost"

The Economist published an article highlighting a statement made by Ms. Hyunjoo Oh of Lee & Ko during a panel discussion at the seminar hosted by the Financial Investment Association and the Capital Markets Research Institute.  At the 5th Seminar on Strengthening Global Competitiveness in the Financial Investment Industry recently held on June 8th, Ms. Oh participated in the panel discussion on the internal control measures and performance-based compensation.  Ms. Oh stated, "While I agree with the idea of disclosing individual executive remuneration, we need to be cautious about disclosing the remuneration of general executives and employees who do not have management influence." She added, "We need to carefully consider whether we should disclose the individual’s title and paid how much was paid as remuneration just because the individual performed well."