"Law That Disagrees with Judicial Rulings and Presidential Policy Directions"

Lee Jae-woong, CEO of Socar <br>Photo by Yonhap News

Lee Jae-woong, CEO of Socar
Photo by Yonhap News

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[Asia Economy Reporter Jin-gyu Lee] Lee Jae-woong, CEO of Socar, once again appealed for the repeal of the "Tada Prohibition Act (Amendment to the Passenger Transport Service Act)" ahead of the full meeting of the National Assembly's Legislation and Judiciary Committee (Law Committee) on the 4th.


On that day, he stated on his Facebook, "The Ministry of Land, Infrastructure and Transport and the lawmakers who intend to pass the Tada Prohibition Act, which kills companies that want to coexist and only benefits operators seeking to gain even a little more profit without regard for public convenience, can they explain how public convenience will be enhanced if the Tada Prohibition Act is passed?"


He also criticized, "The Ministry of Land, Infrastructure and Transport and the Democratic Party should declare the repeal of the Tada Prohibition Act even today," adding, "The Tada Prohibition Act is an 'Innovation Prohibition Act,' disobeying the judiciary's rulings and the president's policy direction."


Furthermore, he pointed out, "Please allow innovation to be dreamed of and prevent innovative entrepreneurs from spending time in the National Assembly and courts," and said, "I do not gain any profit even if Tada succeeds, but the next generation, including junior innovative entrepreneurs, should never be unable to dream and become frustrated."


He emphasized, "President Moon Jae-in has repeatedly stated that if it is not explicitly prohibited by law, business is allowed under a comprehensive negative system," and added, "Innovation must break out of the existing system, so comprehensive negative regulation is essential."


He continued, "Tada operated according to the law as stipulated, and even though it was prosecuted due to different interpretations of the law, the judiciary judged it to be lawful," adding, "Even without the court's ruling, Tada was lawful, and there is no need to say more when considering the president's comprehensive negative policy."


Along with this, he criticized, "The Ministry of Land, Infrastructure and Transport, which should find ways to support companies struggling in the COVID-19 economic crisis, is only focused on causing 10,000 drivers to lose their jobs and shutting down innovative companies." He also asked, "Is there a way to coexist better than Tada in a capitalist market economy?" and questioned, "The largest shareholder said they would return all profits from this business to society, so how much more coexistence is needed?"



The CEO also visited the National Assembly directly the day before to appeal for the repeal of the amendment. Speaking to reporters, he said, "Beyond the fact that 10,000 drivers will lose their jobs due to the economic crisis, I think this will send a very bad message for the future startup innovation growth in our society."


This content was produced with the assistance of AI translation services.

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