Lee Nak-yeon to Meet with Large Corporation CEOs... Listening to Concerns over the 'Three Fair Economy Acts'

[Image source=Yonhap News]

[Asia Economy Reporter Lim Chun-han] On the 6th, Lee Nak-yeon, leader of the Democratic Party of Korea, will meet directly with presidents of major conglomerates to hear their opinions on the so-called 'Fair Economy 3 Acts' (amendments to the Commercial Act, the Fair Trade Act, and the Financial Group Supervision Act).

According to the Democratic Party on the 5th, Lee is scheduled to visit the Korea Employers Federation (KEF) in Mapo-gu, Seoul on the morning of the 6th to meet with KEF Chairman Sohn Kyung-shik. Attending the meeting will also be Lee In-yong, President of Samsung Electronics; Gong Young-woon, President of Hyundai Motor Company; Jang Dong-hyun, President of SK; Hwang Hyun-sik, President of LG Uplus; Oh Sung-yeop, President of Lotte Holdings; and Kim Chang-beom, Vice Chairman of Hanwha Solutions.

The business community is concerned that, amid the already deteriorated corporate environment due to the prolonged COVID-19 pandemic, the addition of the Fair Economy 3 Acts will place an excessive burden on companies.

On the 22nd of last month, Lee heard this sentiment from Park Yong-man, Chairman of the Korea Chamber of Commerce and Industry, and said, "In the process of promoting the Fair Economy 3 Acts, we will naturally go through a process of listening to the opinions of the business community."

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