Joo Ho-young "Delivery Price Linkage System, People Power Party's No.1 Bill... Welcomes Lee Jae-myung's Expression of Doubt"

"Subcontracting Act Amendment Bill Already Proposed
Under Discussion in the National Assembly's People's Livelihood Special Committee
Will Deliver Good News Soon"

[Image source=Yonhap News]

[Asia Economy Reporters Hyunju Lee and Minjae Kwak] On the 20th, Joo Ho-young, the floor leader of the People Power Party, visited the Korea Federation of Small and Medium Business (Kbiz) and stated that he would make efforts to promptly introduce the delivery price linkage system.

At a meeting held at Kbiz on the same day, Floor Leader Joo said, "Since the launch of the new government, the People Power Party has already proposed a revision to the Subcontracting Act, which centers on the introduction of the delivery price linkage system, as the first bill."

He added, "Considering the current domestic and international economic conditions, the linkage system for coexistence between large corporations and small and medium enterprises has become an unavoidable situation. However, it is desirable that it be created in a way that minimizes conflicts with market principles." He continued, "On the 18th, Lee Jae-myung, the leader of the Democratic Party of Korea, said at a Kbiz meeting that since it is also a presidential pledge, he wonders why it has not been implemented yet. We also welcome this remark."

He went on, "This issue is also being discussed in the National Assembly’s Special Committee on Livelihood Economy Stabilization. Since the introduction of the linkage system is a long-standing demand of small and medium enterprises, we will bring you good news from the National Assembly in the near future. In addition, regulatory innovation plans and the processing of tax law amendments have been consistently raised and requested to the central government. Although the conditions are difficult, we promise to actively take the lead in resolving any inconveniences or obstacles you face in running your businesses."

Regarding this matter, Floor Leader Joo added, "For parts that have not been concluded, we will hold a briefing session with you in a short period of time."

Kim Ki-moon, president of Kbiz, said, "The delivery price linkage system has been a 14-year-long wish of small and medium enterprises, and 9 out of 10 citizens support its introduction. Since it was announced as the first party policy and both ruling and opposition parties have agreed on it as the top livelihood bill, it should not become a subject of political strife."

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