SME Sector "Welcome Samsung Vice Chairman Lee Jae-yong's Parole... Should Return to Management Promptly"

Lee Jae-yong, Vice Chairman of Samsung Electronics [Photo by Yonhap News]

[Asia Economy Reporter Kim Bo-kyung] The small and medium-sized enterprises (SME) sector has welcomed the government's decision to grant parole to Samsung Electronics Vice Chairman Lee Jae-yong.

On the 10th, the Korea Federation of SMEs stated in a press release that "At a time when the national economy is facing a crisis like never before due to the prolonged spread of COVID-19, the parole of Vice Chairman Lee reflects the government's determination to revive the stagnant economy."

They added, "In a situation where the polarization between large and small-to-medium enterprises is intensifying due to COVID-19, Samsung has set an example in supporting SMEs and promoting win-win cooperation," and expressed hope that "through Vice Chairman Lee's parole, Samsung's efforts will accelerate and spread further."

The Federation also emphasized, "If Vice Chairman Lee faces restrictions on employment that hinder normal management activities, the significance of parole will inevitably be diminished," and stated, "To overcome the COVID-19 crisis and fulfill corporate social responsibilities such as win-win cooperation between large and small-to-medium enterprises and job creation, it is necessary for Vice Chairman Lee to return to management promptly."

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