Son Kyung-sik, Chairman of the Korea Employers Federation, "Pardon Petition for Lee Jae-yong to Be Submitted Today or Tomorrow"

[Image source=Yonhap News]

[Asia Economy Reporter Ki-min Lee] Sohn Kyung-shik, Chairman of the Korea Employers Federation, stated on the 26th regarding the submission of a pardon petition for Samsung Electronics Vice Chairman Lee Jae-yong, "The heads of five economic organizations will all put their seals on it," and added, "It will be submitted either today or tomorrow."

Chairman Sohn made these remarks after meeting with reporters following the conclusion of the '1st ESG (Environmental, Social, and Governance) Management Committee' held at the Press Center in Jung-gu, Seoul, in the afternoon.

The pardon petition for Vice Chairman Lee was prepared with signatures from the heads of five economic organizations: the Korea Employers Federation, the Korea Chamber of Commerce and Industry, the Korea International Trade Association, the Korea Federation of Small and Medium Business, and the Korea Federation of Medium-sized Enterprises.

Earlier, on the 16th, Chairman Sohn revealed that he had recommended the pardon of Samsung Electronics Vice Chairman Lee Jae-yong to Deputy Prime Minister Hong Nam-ki during a meeting with the heads of five economic organizations. The Federation of Korean Industries, which was not invited to that meeting, was excluded from the discussion process regarding the submission of this petition.

Regarding the ESG Management Committee held that day, Chairman Sohn explained, "We agreed on the operational rules and regulations for ESG activities today and discussed the direction and approach moving forward," adding, "Since the National Pension Service has a significant impact on our companies today, we invited two experts to hear the perspective of the National Pension Service." He continued, "We aim to broadly and comprehensively address various issues," emphasizing, "Through this, how companies act and their efforts are important, but they must do better in the future to become companies trusted by the public."

When asked about his stance on the newly launched Hyundai Motor office workers' union, Chairman Sohn responded, "In a way, it can be seen as a trend," and added, "Such things have happened in Japan as well, but we will handle it wisely."

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