Profound concern about the arrest of Lee Jae-yong in the business world, “It will adversely affect the Korean economy”

[파이낸셜뉴스] 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, the business community at once expressed deep concern that Samsung’s management vacancy would adversely affect the Korean economy. A response was raised that the uncertainty about the domestic economy, which is in a crisis situation of Corona 19, has increased due to the shrinking management activities of Korea’s No. 1 company.

According to the business community on the 18th, as soon as the result of Vice Chairman Lee’s sentence came out, the National Federation of Entrepreneurs, the Korean Federation of Business Owners, and the Korea International Trade Association expressed their regrets, referring to the’role theory of Lee Jae-yong’ in the Corona 19 economic crisis.

In an official statement, the KCTU said, “I am very concerned that the Samsung Group’s management gap has become a reality with this ruling.” “The economic impact of the recent Corona 19, and the economic uncertainty of the world’s home-centered stance is more than ever. In a big situation, as major business decisions and investments are delayed due to the management gap of Korea’s leading global companies, adverse impacts will be inevitable for the entire industry.”

FKI Executive Vice President Bae Sang-geun said, “In the midst of the Corona 19 economic crisis, we have led bold investment and job creation to support the Korean economy,” adding, “Considering Samsung’s share of the Korean economy and its status as a global company, this ruling The contraction of Samsung’s management activities will have a negative impact on the entire Korean economy, not just individual companies.” Another business official said, “As Vice Chairman Lee is unable to play an active role in the development of the Korean economy, such as large-scale investment decisions that the head of large corporations can do, I am worried that the decision for a virtuous cycle in the economy and society will be disrupted.”

The Korea International Trade Association also said in an official comment on the afternoon that “Vice Chairman Lee played a central role in the Korean economy in the midst of the coronavirus economic crisis as a leader of Korea’s top export companies, and it is a pity for the arrest decision.” “I am concerned that it will adversely affect Samsung’s reputation in the global market.”

The business community also asked for consideration at the government level so that business disruptions can be minimized even in the face of Vice Chairman Lee’s management gap.

The Gyeonggi-do said, “As efforts to secure a competitive edge in new industries through active business expansion and technological innovation in the post-corona era are urgent, we ask for policy and administrative consideration to minimize the management disruption of the Samsung Group in the future.” The FKI also pledged cooperation at the economic level, saying, “I hope Samsung wisely overcomes this crisis and walks the path of sustainable growth.”

On the one hand, there was a voice urging Samsung executives and employees to come together and overcome the crisis. An official from an economic group said, “I hope that you will be conscious of the crisis, and continue to develop a bold and active career centering on the management without being shaken even in the absence of the general manager.”

The business community has repeatedly appealed to the judiciary to be elected even just before the sentence of Vice Chairman Lee’s sentence, but he cannot hide his embarrassment when his sentence was sentenced.

On the 17th, Kim Ki-moon, chairman of the Small and Medium Business Federation, and on the 15th, Park Yong-man, chairman of the Korean Chamber of Commerce and Industry, wrote a direct petition from “As a person who has seen this vice-chairman so far, I hope that Samsung will give this vice-chairman a chance when he thinks of the weight that it has on the society. It was written and submitted to the court. This is the first time since Park took office as chairman in August 2013. On the 7th, Ahn Kun-jun, chairman of the Venture Business Association, also requested the court to elect Lee.

[email protected] Reporter Seowon Kim

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