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| Samsung Electronics Vice Chairman Lee Jae-yong is attending a hearing on the 18th afternoon at the Seoul High Court in Seoul for the revocation of the case of Gukjeong Nongdan. / Reporter Nam Yong-hee |
When the legal restraint is decided, the economic group all expressed’concern’
[더팩트ㅣ이성락 기자] As Samsung Electronics Vice Chairman Lee Jae-yong was sentenced to imprisonment on the 18th at a repatriation trial for the destruction of the Gukjeong Nonongdan, Samsung and the business community were in a great shock.
The Korea Employers’ Federation (Kyong-Cong) was concerned that “Samsung Group’s management gap has become a reality.” The Kyungpook General said, “In a situation where economic uncertainty is greater than ever due to the recent economic impact from Corona 19 and the acceleration of economic policies centered on protecting domestic industries of countries around the world, significant business decisions and investments have been delayed due to the management gap of a global company representing Korea. It is expected that adverse effects will be inevitable for the economy and industry as a whole.”
“In order to prepare for the intensifying global competition in the upcoming post-corona era, efforts to secure a competitive advantage in new industries through active business expansion and technological innovation of our global companies are urgent.” “In the future, Samsung Group’s management disruptions will be minimized. He urged the government to consider policy and administrative considerations at the government level.
The National Federation of Entrepreneurs (Former Gyeong-ryeon) also said, “Vice-Chairman Lee Jae-yong has been leading the drastic investment and job creation amid the coronavirus economic crisis, helping to support the Korean economy, and I am very sorry for the arrest ruling.”
The FKI said, “Considering Samsung’s share of the Korean economy and its position as a global company, we are concerned that the contraction of Samsung’s management activities due to this ruling will adversely affect the Korean economy as well as individual companies.” Absence can lead to delays in entry into new business and rapid decision-making, leading to lagging behind in global competition,” he said.
In particular, he said, “I hope that Samsung wisely overcomes this crisis and walks on a path of sustainable growth,” he said. “The business community will do its best to minimize the damage caused by this ruling and overcome the corona economic crisis.”
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| Vice Chairman Lee Jae-yong’s lawyers are giving their position to the reporters. / Reporter Seo Jae-geun |
The Korea Chamber of Commerce (Korea Chamber of Commerce) also said, “As Vice Chairman Lee Jae-yong cannot play an active role, such as large-scale investment decisions that the head of large corporations can make in the development of the Korean economy, I am worried that the decision for a virtuous cycle in the economy and society will be disrupted.
Previously, Chairman Park Yong-man wrote a petition and submitted it to the court, saying, “When I think about the weight that Samsung has on this society, I want to give him a chance.”
Samsung, who once again faced the bad news of the absence of a total commander, has not made an official statement, but it is an atmosphere that cannot hide its embarrassment.
Vice-Chairman Lee Jae-yong expressed regret after the judgment by the court. The lawyers said, “The essence of this case is that the company was infringed upon its freedom and property rights due to ex-president Park Geun-hye’s ex officio abuse,” he said. “Considering this, I think the judgment of the judge is regrettable.”
Regarding whether or not to appeal again, he said, “I will say after reviewing the judgment.”