President Lee Jae Myung signaled a coverage to allow collective actions and group negotiations by corporations, stating that “the coalition and unity of SMEs, franchisees, and companies ought to be permitted in precept and restricted exceptionally.”
On the Ministry of SMEs and Startups enterprise report held on the Authorities Sejong Complicated on Dec. 17, Lee famous that “corporations are prohibited from collective actions or group negotiation acts underneath the Honest Commerce Act in precept,” and “this has develop into a scenario that forces and encourages exploitation or unfair commerce by the robust towards the weak.” He stated, “You will need to obtain a steadiness of energy for the numerous provider corporations which can be depending on a small variety of giant firms or world corporations.”
Lee emphasised that “balancing energy is the federal government’s position” and “the federal government ought to open the way in which for SMEs, franchisees, companies, and so forth. to kind coalitions and unite.” He then urged, “It ought to be a route of allowing in precept and controlling exceptionally, however now it’s a scenario of controlling in precept and allowing exceptionally,” and “we have to contemplate methods to basically change this.”
Lee identified that “(SMEs) develop into slaves in conditions the place they need to provide solely to some giant firms” and “SMEs can’t have competitiveness in such conditions.” He continued, “I ask the Ministry of SMEs and Startups, because the competent ministry, to create a logical system and contemplate the way to assure cheap costs.”
For eradicating know-how theft from SMEs, Lee put ahead a coverage of imposing robust fines. He stated, “We have to reply properly to know-how theft, however the most high quality of two billion received is simply too low-cost.” Earlier, Minister of SMEs and Startups Han Sung-sook introduced a coverage to impose fines of as much as 2 billion received for main violations associated to SME know-how theft.
Lee stated, “Punishment has no effectiveness in Korean society. Investigation requires great capability, and even when punishment is given, if probation is imposed, there isn’t a substantial sanction,” and “fines ought to be regulated as a share of company gross sales or as multiples of income gained from know-how theft to be really efficient.”
