Lee Jae-myung on Daewoo Shipbuilding Merger Issue: "Will Do Our Best to Prevent Unfair Acts and Unjust Damage"

[Image source=Yonhap News]

[Asia Economy Reporter Jeon Jinyoung] Lee Jae-myung, the presidential candidate of the Democratic Party of Korea, said on the 14th regarding Hyundai Heavy Industries' acquisition and merger with Daewoo Shipbuilding & Marine Engineering, "We will ensure that no damage unbearable to the parties involved occurs during the restructuring process."

On the same day, Lee made this statement during his visit to Daewoo Shipbuilding & Marine Engineering in Geoje, marking the third day of his livelihood exploration tour in the Busan, Ulsan, and Gyeongnam regions.

After listening to the union members opposing the restructuring, he said, "The issue is not simple, whether the merger itself is appropriate or not, whether it is reasonable to reverse the decision even if it is not a merger, and who should be the acquiring party," adding, "However, I will take a deep interest in the restructuring concerns of the workers."

He continued, "I will consider the matter from three perspectives after hearing the positions of the management side, the government, the standing committee, and the party," and added, "However, I ask for your understanding that I cannot promise anything. Making promises now is likely to be a lie. We should not give false hope by making impossible promises for immediate political gain."

At a meeting with the management of Daewoo Shipbuilding, he stated, "The problem is distrust. We must prevent concerns about large-scale restructuring affecting workers, the potential loss of jobs, and the neglect of local subcontractors."

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