Lee Nak-yeon: "Processing the Serious Accidents Punishment Act Today, a New Start Despite Shortcomings"

Difficult Bill, Meaning in Achieving Bipartisan Agreement
Regarding KOSPI Surpassing 3000, "Significant Achievement Amid COVID-19 Crisis"

[Asia Economy Reporter Jeon Jin-young] Lee Nak-yeon, leader of the Democratic Party of Korea, stated on the 8th regarding the Serious Accident Punishment Act, which is pending approval by the National Assembly's Legislation and Judiciary Committee and plenary session, that "(The bill) is insufficient but should be taken as a new start to prevent serious accidents and protect the lives and safety of workers."

Lee Nak-yeon, leader of the Democratic Party of Korea, is attending the Supreme Council meeting held at the National Assembly on the 8th and delivering an opening remark. Photo by Yoon Dong-joo doso7@

At the party's highest council meeting held at the National Assembly that morning, Lee said, "The ruling and opposition parties have listened to the opinions of labor groups, economic circles, and civil society evenly, adjusted them, and reached a unanimous agreement," adding, "As a result, it is facing opposition from both labor and economic sectors. Opinions among lawmakers inside and outside the party are also divided."

He evaluated, "We must continue to supplement and improve it going forward," but also said, "I want to place significance on the fact that a difficult bill was prepared through bipartisan agreement."

He continued, "Adjusting and agreeing on contentious issues is the strength of parliamentary democracy," but added, "However, it is also a limitation of parliamentary democracy that the outcome may not satisfy both sides."

He further stated, "I hope that this will be mutually acknowledged and handled responsibly. We will do our best to conclude the National Assembly session focused on protecting the lives of socially vulnerable groups by passing the Living Logistics Act and the Child Abuse Punishment Act well."

Meanwhile, Lee also mentioned the KOSPI breaking through the 3000 mark for the first time during intraday trading at the meeting that day. He emphasized, "It is more meaningful that this was achieved amid the COVID-19 crisis," and "What is particularly noteworthy is the positive evaluation by foreign investors regarding Korea's future."

He said, "I hope that the Donghak Ant movement grows into a new force supporting our economy," and "Going forward, funds flowing into the stock market should be channeled into industry."

He also added, "The Policy Committee must find ways to convert companies' excess liquidity into the Korean New Deal or New Deal funds," and "We will do our best for the success of the Korean New Deal, fostering future industries, financial innovation, and regulatory reform."

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