Democratic Party's Lee Yong-woo: "The Commercial Act Amendment Was Led by Hwang Kyo-ahn During the Park Geun-hye Administration"

Lee Yong-woo, member of the Democratic Party of Korea./Photo by Dong-joo Yoon doso7@

[Asia Economy Reporter Park Cheol-eung] Lee Yong-woo, a member of the Democratic Party of Korea, said about the amendment to the Commercial Act, one of the 'Fair Economy 3 Laws,' "This was an issue prepared during the Park Geun-hye administration. At that time, it was led by Minister of Justice Hwang Kyo-ahn."

On the 23rd, Lee appeared on YTN Radio's 'Start New Morning' and said, "(Kim Jong-in, the Emergency Committee Chairman of the People Power Party) is an icon of economic democratization. That is why economic democratization was included in the party platform," adding, "The platform is like a constitution for a country, but they oppose implementing what is promised in the constitution into laws and policies? This is the same as reopening a business under a new name while keeping the menu and recipe unchanged."

This was in response to a question about the fact that "there are actually divided opinions inside and outside the opposition party." The argument is that since the People Power Party promoted this when they were the ruling party and still uphold economic democratization, they should show a progressive attitude toward the 'Fair Economy 3 Laws.'

When asked, "There are stories that pressure or support is being given to the opposition, the People Power Party, mainly from the business community. Do you think this is actually happening?" he said, "According to reports, Vice Chairman Kwon Tae-shin of the Federation of Korean Industries visits the People Power Party, and yesterday, Park Yong-man, Chairman of the Korea Chamber of Commerce and Industry, met with Emergency Committee Chairman Kim Jong-in and our leader Lee Nak-yeon to convey opinions. Doesn't this act itself read that way?" He added, in response to the host's remark that "it could be seen as lobbying, pressure, or persuasion," "Let's consider it as expressing opinions."

Lee said, "I think the direction and overall framework (during the National Assembly discussions) will not change significantly."