The People Power Party criticized the government for pushing negative legislation on corporate activities, such as the Yellow Envelope Act (Amendments to Articles 2 and 3 of the Labor Union Act) and the tougher Commercial Code (Second Amendment to the Commercial Code), while including corporate leaders in the South Korea-U.S. summit meeting economic delegation.

Song Eon-seok, the People Power Party's emergency response committee chair and floor leader, attends the floor countermeasure meeting held at the National Assembly in Yeouido, Seoul, on the 22nd, and makes an opening statement./Courtesy of News1

Song Eon-seok, Chairperson of the People Power Party and floor leader, said during a floor strategy meeting at the National Assembly on the morning of 22nd, "President Lee Jae-myung is said to be accompanied by major corporate leaders and heads of economic organizations in the economic delegation during this visit to the United States," and added, "There is no sense of minimal conscience."

The chairperson noted, "The plenary session will be held again tomorrow (23rd), and the anti-economic bad laws, such as the Labor Union Act and the Commercial Code, are expected to be put on the agenda," emphasizing, "This law will drive corporations overseas and break the legs of investment and growth; in short, it is an economic disaster law."

He continued, "The president mobilizes corporate heads whenever he needs them, yet he shuts his ears to the desperate demands of the business sector, as if reading to a deaf ear," saying, "This is truly bad politics. Does he misunderstand corporations as merely the servants of power?"

According to the business community, the economic delegation during this visit by President Lee includes Lee Jae-yong, chairman of Samsung Electronics; Chey Tae-won, chairman of SK; Gu Gwang-mo, chairman of LG; Chung Eui-sun, chairman of Hyundai Motor; Cho Won-tae, chairman of Hanjin; Kim Dong-kwan, vice president of Hanwha; Park Ji-won, chairman of Doosan Enerbility; Seo Jeong-jin, chairman of Celltrion; Lee Jae-hyun, chairman of CJ; Heo Tae-soo, chairman of GS; Jeong Gi-seon, vice chairman of HD Hyundai; Choi Yun-beom, chairman of Korea Zinc; and Choi Soo-yeon, representative of Naver.

The chairperson urged the Lee Jae-myung government and the Democratic Party of Korea to actively discuss amendments to the economic disaster law, stating, "If the anti-economic bad law is pushed through, the first to suffer will be small and medium-sized enterprises and the common people."

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