Last January, to reflect the nature and expansion of its work, the Finance and Foreign Exchange Team of the Economy and Industry Office underwent a name change to become the "Finance and Fair Trade Team."The name change comes as the team's work expands to include fair trade research-an area previously covered by the Legislation and Judiciary Team-as fair trade issues are largely entangled in problems of economy and finance. The new team consists of seven researchers including one team head.

The Chief of NARS, Dr. Koh Hyun-wook, encouraged the team members to play a more important role in the research service. Dr. Koh added that "Taking into account the growing interest in economic democracy among national assembly members, the name change is timely and necessary."