. >> reporter: kim yung ho owns a wood processing company on the outskirts of seoul. his company has been struggling in the face of fierce domestic competition. >> translator: large corporations and small businesses should grow in tandem. it seems only large businesses are operating at ate profit. small companies like ours aren't attract workers. >> reporter: at his factory, filipino employees do the most important part of wood processing. . until five years ago he had no employees from abroad, but now foreigners make up a quarter of his entire staff. under the current law workers from outside south korea can only stay at a company for four years and ten months. at kim's factory, all the foreign worker also have to return home this autumn. >> translator: i've trained them but soon they'll be heading home. it's a big loss for my company. i don't want to run a factory anymore. >> reporter: there is a growing risk of depo larization in south korean society. >> translator: when governments favor large corporations over small, it creates disparity. this will lead to social

. >> reporter: kim yung ho owns a wood processing factory on the outskirts of seoul.is company has been struggling in the face of fierce domestic competition. >> translator: large corporations and small businesses should grow in tandem. it seems only large businesses are operating at a profit. small companies like ours can't attract workers. >> reporter: at his factory, filipino employees do the most important part of wood processing. until five years ago he had no foreigners make up a quarter of his entire staff. under the current law workers from outside south korea can only stay at a company for four years and ten months. at kim's factory, all the foreign workers will have to return home this autumn. >> translator: i've trained them but soon they'll be heading home. it's a big loss for my company. i don't want to run a factory anymore. >> reporter: there is a growing risk of depolarization in south korean society. >> translator: when governments favor large corporations over small, it creates disparity. this will lead to social problems. we need large and small bus

his name is jim yung kim.ve a finance background or a political career but he will take the reigns and this begins in july. >> so what else should we be looking for today? >> in addition to the earnings reports, we do get a bonanza of housing reports. we get housing starts and permits. we'll see if there is confidence out there that the builders are actually breaking ground on new homes because they think people want to buy the new homes. that is what we're paying attention on. >> we'll be looking for that. thank you so much. >> thank you. >>> and back to the morning's big story. shuttle discovery preparing to take its final flight. it is set to leave the kennedy space center in florida less than an hour from now flying to its new home at the udvar hazy center in dulles. can you watch it make this historic trip as it soars over d.c. landmarks later this morning. we have all the details you need to know when fox 5 morning news continues. i'm drinkin' dunkin'. we're drinkin' dunkin'. dunkin' iced. some people wa

a special congratulations to yung kim. together with david, i look forward to working with him as we work with bob. it has been six months since we all saw each other, and in the six months, we have had a new member. this member is her hundred and 88 member, which is very exciting. as you can imagine. before you go into questions, i would like to make a few points. first of all, i would like to touch on how the imf sees the world economy. for those of you who have not attended the press conferences, it will obviously be very summarized. then i would like to touch on what policies received are and what challenges there are. finally, i will end up with what we at the imf expect from these meetings in terms of outcome. now, looking at the world economic situation, it is obviously very diverse. i would use a weather analogy, because we are all fond of weather reports. we are seeing light recovery, blowing in a spring wind. but we are also seeing some very dark clouds on the horizon. which is another way to tell you that there