[與 이익공유제 전방위 압박] Proceeding to legislate with the’Three Laws for Coercion for Win-Win Growth’…

Announced the policy of institutionalizing the consumer credit law and the right to request interest rate cuts

“If you’re going to distribute profits, you have to share risks.”

IT industry “Expenditure contraction… will give foreign companies market leadership”

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The ruling ruling party, which emphasized the’voluntary participation of companies’ in the’corona profit-sharing system’, summoned companies one after another on the 22nd is interpreted as the urgency that private participation has no choice but to influence the success or failure. In order to receive mid- to long-term momentum, it was decided that it would take a drive in that early corporate participation is essential. In particular, the Democratic Party is in a position to classify the Cooperation Profit Sharing Act, the Social Solidarity Fund Act, and the Self-Employment Loss Compensation Act into three laws for mutual growth and attempt to legislate at an extraordinary National Assembly in February. In the business world, it is expected that considerable pain will follow in the legislative process after opposing that it is the 3rd Act for Coercion for Coexistence rather than the 3rd Act for Coexistence. An official in the business community said, “As the burden on companies increases, dissatisfaction is inevitably higher than participation. How can this be called the Three Act on Win-Win Cooperation?” said, “There are cases where large corporations and business partners voluntarily distribute profits, but countries that have legislated There is no. Not only profits but also risks must be shared.”

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While the backlash from the business community was so fierce, the chairman of the National Assembly’s political affairs chairman Yoon Gwan-seok of the Democratic Party summoned the chairman of the five financial holding companies (Shinhan, KB, Hana, Woori, NH Nonghyup) and said, As such, I hope that the financial sector will be able to hear social praise that it has contributed greatly to overcoming the corona crisis and leading the post-corona era through exemplary public-private governance.” Although it emphasized public-private cooperation, it is read as a request to participate in the government’s ruling party’s promotion of the repayment of principal and interest for small business owners and self-employed persons, as well as interest rate cuts and profit sharing.

The ruling party also held a’financial cost reduction win-win agreement’ with the Financial Services Commission through the’Loan System Improvement Package Task Force (TF)’ of the Small Expansion Committee. Chairman Shin Dong-geun said, “As the damage from the novel coronavirus infection (Corona 19) is prolonged, the number of vulnerable individual debtors who are unintentionally unable to pay their debts is expected to increase. I will apply.” It has also made it clear that it will deal with the consumer credit law, which is being prepared by government legislation, within the first half of the year. It has been pointed out that this law institutionalizes financial companies to stop debt rushing if the debtor asks for a reduction in debt, and it can lead to bankruptcy. Earlier, Hong Ik-pyo, chairman of the Democratic Party’s Policy Committee, said, “The industry that is benefiting the most even in the Corona 19 situation is the financial industry,” and said, “As banks are taking full interest rates, we need to stop or limit the interest of the banking sector in this respect.” It is in the same context as. The Democratic Party believes that the financial sector is passive about the right to demand rate cuts, and plans to form a related TF to institutionalize it. Banknotes are embarrassing. It is pointed out that the bank’s ability to select companies that have reached the limit will be incapacitated if the pressure to lower interest rates and lower interest rates is impaired.

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Following the pressure on the financial sector, the Democratic Party’s leadership called the information technology (IT) industry in an all-round triangulation. At this meeting, Democratic Party leader Lee Nak-yeon repeatedly urged’win-win solidarity’. The Democratic Party’s judgment is that platform companies enjoy the so-called Corona 19 special, so the benefit-sharing system is the priority target, but the IT industry is protesting that it is only a’frame’ that is not based on facts. It is argued that the increase in sales due to increased usage does not mean that the company’s profits increase that much. Korea Startup Forum CEO Choi Seong-jin, who attended the conference, also explained the industry situation, saying, “Start-ups are actually growing rapidly, but few places make a profit.” On the contrary, concerns are raised that domestic IT companies may face reverse discrimination through profit sharing. This is because foreign companies, such as YouTube and Netflix, who have increased their domestic market share due to Corona 19, are unlikely to participate in the profit sharing system. An official in the IT industry said, “The profit-sharing system will reduce investment and eventually give up market leadership to foreign companies.”

An executive of an economic group pointed out, “It is’blindfolded and awful to be blindfolded’ to be voluntary by the law,” and criticized that “we must be able to share losses as well as profits.” The power of the people is also raising their voices saying that it is necessary to think about sharing pain rather than sharing profits. People’s Power Spokesman Bae Joon-young said, “If it is a normal government, it is correct to take an attitude to share the losses of the suffering citizens rather than to contempt to share the profits made by the private sector.”
/ Reporter Song Jong-ho and Lee Tae-gyu [email protected]

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