Business Community Meets with Joo Ho-young, Floor Leader, to Request "Supplementation of the Serious Accident Punishment Act"

Five Economic Organizations Including Korea Federation of SMEs Appeal for Supplementary Legislation to Joo Won-nae Representative
Kim Ki-moon, Chairman of Korea Federation of SMEs, "SMEs Are the Biggest Victims of the Serious Accident Punishment Act"

Five business organizations visited Joo Ho-young, the floor leader of the People Power Party, to appeal for supplementary legislation on the Serious Accidents Punishment Act. From the left in the photo: Jeon Ju-hye, People Power Party lawmaker; Kim Seong-won, chief deputy floor leader; Lee Jong-bae, chairman of the Policy Committee; Joo Ho-young, floor leader; Sohn Kyung-shik, chairman of the Korea Employers Federation; Kim Ki-moon, chairman of the Korea Federation of Small and Medium Business; Kim Im-yong, acting chairman of the Korea Federation of Micro Enterprise; Kim Young-yoon, chairman of the Korea Specialty Contractors Association.
[Photo by Korea Federation of Small and Medium Business]

[Asia Economy Reporter Kim Suhwan] Major business organizations visited Joo Ho-young, the floor leader of the People Power Party, to appeal for supplementary legislation on the Serious Accidents Punishment Act (Serious Accidents Act).

On the 11th, the heads of five economic organizations, including the Korea Federation of Small and Medium Business (Chairman Kim Ki-moon) and the Korea Employers Federation, met with Floor Leader Joo and demanded supplementary legislation, stating that the Serious Accidents Act passed on the 8th did not reflect a single suggestion from the business community. They also requested attention to expanding government support along with the supplementary legislation.

During the meeting with Floor Leader Joo, the business community requested ▲ changing the lower limit of imprisonment for business owners to an upper limit, ▲ applying the Serious Accidents Act only in cases of repeated deaths, ▲ specifying business owners’ obligations and establishing exemption from punishment if obligations are fulfilled, and ▲ granting a minimum two-year grace period to small and medium enterprises with 50 or more employees.

Chairman Kim said, "The biggest victims of the Serious Accidents Act are small and medium enterprises," adding, "Supplementary legislation is urgent in a situation where even jobs are at risk of disappearing."

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