[종합] [이재용 재구속] Imprisonment sentence… the business world “inevitable negative impact on the overall economy”

On the 18th, when Samsung Electronics Vice Chairman Lee Jae-yong was sentenced to two years and six months in prison at a repatriation trial for the destruction of the Gukjeong Nongdan, a voice came out that the business community could adversely affect the Korean economy.

The Korea Employers Federation, the National Federation of Businessmen, and the Korea International Trade Association reportedly concerned that Samsung’s management gap could have a negative impact on the Korean economy and industry as a whole when it is time to prepare for a leap after Corona 19.

The Kyung-Chong said, “As a major business decision and investment is delayed due to the management gap of a global company representing Korea, it is expected that adverse effects will inevitably affect the economy and industry as a whole.”

“In order to prepare for the intensifying global competition in the post-corona era, efforts to secure a competitive edge in new industries through active business expansion and technological innovation of our global companies are urgent.” “In the future, the business disruption of Samsung Group can be minimized. We ask for the government’s policy and administrative considerations so that we can do it.”

The FKI also expressed concern about the ramifications that Samsung’s contraction in business activities due to Vice Chairman Lee’s arrest will have the ripple effect on the entire Korean economy.

FKI Executive Vice President Bae Sang-geun said, “Vice-Chairman Lee has been leading the drastic investment and job creation in the midst of the coronavirus economic crisis, helping to sustain the Korean economy, and I am very sorry for the arrest decision.”

Managing Director Bae also expressed concern that, considering Samsung’s share of the Korean economy and its position as a global company, the contraction of Samsung’s management activities following the ruling would have a negative impact on the Korean economy as a whole.

“A long-term lack of leadership can delay entry into new business and rapid decision-making, resulting in lagging behind in global competition.” He added, “I hope Samsung wisely overcomes this crisis and walks the path of sustainable growth.” Added.

Martial Arts also said, “As a leader of Korea’s top export company, we played a central role in the Korean economy amid the coronavirus economic crisis, and it was a pity for the arrest judgment.” “(Re-restraint of Vice Chairman Lee) “I am concerned that it will have a bad effect on Samsung’s credibility.”

“It is a time when efforts to secure a competitive advantage in the global market by bringing together all industries to overcome the Corona 19 crisis are more demanded than ever.” “The government paid a lot of attention to minimize the impact of the economy due to this ruling. Please have it.”

The Korean Chamber of Commerce and Industry has not announced its official position since the ruling, but on the 15th, Chairman Park Yong-man, the chairman of the Korean Sangsang, personally submitted a petition to the court stating that it is necessary to elect Lee.

The petition is reported to contain content that Samsung’s chief executive, who plays a pivotal role in the Korean economy, is concerned that if he is arrested again, it will have a negative impact on the national economy as well as Samsung.