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Check-in 2020.09.18 10:33
Vice President Kwon Tae-shin visited Kim Jong-in on the 15th
金 “It is difficult to agree on the corporate position of the Conservative Party”
Ho-Young Joo “The process of listening to the opinions of the experts and organizing them”
People’s Strength Kim Jong-in, chairman of the emergency countermeasures committee, showed his consent to the amendment to the Trade Law, the Fair Trade Law and the Financial Group Supervision Law promoted by the government and the ruling party. done. It appears to be to convey to President Kim the concerns of the business community that these bills could undermine corporate activities and persuade him to represent his position.
Both parties talked for about an hour, but only disagreements are known to have been confirmed. President Kim said at this meeting: “I believe that the current Trade Law and the Fair Trade Law should be revised to protect the market order.” An official from the people’s force said: “I don’t necessarily agree with the amendment” and said: “We have to negotiate with the hospital representative at the standing committee level.”
The reform to the Fair Trade and Trade Law promoted by the government and the ruling party was resolved in the Council of State on the 25th of last month and presented to the National Assembly on the 31st. These bills, which consisted of a system of Multiple representative litigation, separate appointment of audit committee members, reinforcement of ownership of holding companies and abolition of exclusive complaints by the Fair Trade Commission are the main focus of the extension of rights minority shareholders and restriction of the rights of main shareholders.
The business community has expressed concern that such legislation may undermine freedom of business. For example, if the multiple representative litigation system is introduced, the risk of litigation may increase, such as the parent’s shareholders catching the subsidiary in litigation; If the majority shareholder can exercise up to 3% of the voting rights in combination with a related person, hedge funds can abuse it. will be
In an interview on the 14th, President Kim said: “In general, I think that the Trade Law and the Fair Trade Law should be revised.” Even when meeting with reporters the day before, President Kim said, “The (third law) is called anti-market law, but the expression itself is incorrect. Because it was created to complement the market order, It can There may be some changes in the content of the article, but I am not in a position to reject the three laws themselves. “
There was also a backlash within the party over President Kim’s opinion in favor of the amendment to the Trade Law and the Fair Trade Law. Former chairman of the Emergency Response Committee, Kim Byung-jun, said on Facebook the day before: “You must not pass the amendment to the Trade Law and the Fair Trade Law at will.” I’ll leave it “.
People’s power is unlikely to be in favor of the government and ruling party legislation. President Kim is also wary of the separate appointment system for audit committee members and multiple demands for representatives. Ho-young Joo met with reporters after the countermeasures meeting at the hospital that day and said, “These bills have many problems (it is difficult to determine the pros and cons).” He said, “It’s a process of listening to the opinions of the policy committee experts and organizing them.”
