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“In the future, I am concerned that my eyes will turn bad due to my smartphone and I will be subject to a class action lawsuit.”
Companies, the Fair Trade Law and the Financial Groups Supervision Law and the so-called ‘Company Regulation Law 3’ were approved at the state council meeting in a month. I was in shock. When the class action system is introduced, even if 50 people who claim to have suffered a class action file a class action, hundreds of thousands of people can get relief from harm, which is a huge burden on businesses. In fact, in the United States, companies often face astronomical damages for a variety of reasons, such as McDonald’s being subject to class action lawsuits for failing to control obesity risk because it has more calories than advertisements.
The companies said: “If you file a class action lawsuit, you will suffer irreparable damage to your corporate image and sales activities, which will reduce corporate activities.” “It appears to be for consumers, but the benefits for consumers abroad are only small. , It is a system that criticizes that only professional lawyers are called ”. There is also concern that the Ministry of Justice introduces a participatory public trial system in the first trial and that the trial is dominated by public opinion. It is also criticized that the ability to file a class action lawsuit against the case that occurred before the enactment of the law was also excessive. Companies worry that “they will filter me simply by responding to demands.” “Companies that have to risk their lives for brand image will cry and compromise by eating mustard.”
On this day, the Ministry of Justice also announced a legislative amendment to the Commerce Law, which generalizes the scope of application by placing the punitive damages compensation system within the limits of the Commerce Law. The amendment to the commercial law of the Ministry of Justice, which included the system of multiple representation trials and the separate election of the members of the audit committee, was not approved by the National Assembly, but again, it will add corporate regulations to the commercial law. . “There is also concern about the possibility of encouraging a lawsuit, saying: ‘I will only receive successful payments without paying fees.
Vice President of the Federation of Korean Businessmen Kwon Tae-shin said: “Companies continue to face criminal, administrative and various civil lawsuits. If the introduction of the class action system and the punitive damages compensation system were a hard blow to management activities. “
