Business Community Welcomes Seol Special Envoy... "Great Help in Boosting Economic Vitality"

Special Pardon for 980 People Including Small Business Owners and Self-Employed
Choi Jae-won, SK Group Vice Chairman, and Koo Bon-sang, LIG Chairman, Have Their Rights Restored

On the 6th, economic organizations expressed their welcome for the large-scale special pardon granted to small and medium-sized enterprises and small business owners.

Acting Minister of Justice Shim Woo-jung, Vice Minister, is announcing the 2024 Lunar New Year Special Amnesty at the Government Seoul Office on the 6th. Photo by Jo Yong-jun jun21@

The six economic organizations (Korea Chamber of Commerce and Industry, Korea Employers Federation, Korea International Trade Association, Korea Federation of SMEs, Korea Employers Federation, and Korea Federation of Mid-sized Enterprises) stated in a joint commentary released that day that the government's special pardon measure implemented ahead of the Lunar New Year holiday "is expected to greatly help revitalize the economy."

They added, "As the pardoned and reinstated businesspeople will be able to resume normal business activities, they will not only accelerate their inherent roles such as investment and job creation but also take the opportunity to reaffirm the importance of compliance management and social responsibility."

They further stated, "The economic community is well aware that the significance of this pardon and reinstatement lies in the livelihood economy, and will work together to ensure that this purpose is well realized."

The government granted a special pardon as of the 7th to a total of 980 people, including small and medium-sized business owners, small merchants, youth, drivers, and other livelihood-type criminal offenders, specially considered prisoners, businesspeople, former high-ranking public officials, and politicians ahead of the Lunar New Year holiday.

Five businesspeople, including Choi Jae-won, Senior Vice Chairman of SK Group, and Koo Bon-sang, Chairman of LIG, who were convicted of management corruption, as well as those who were involved in illegal activities during business operations and have completed their prison sentences or whose probation periods have ended, will be reinstated.

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