<Anchor> The



so-called'Three Fair Economy Act' to curb the abuse of unfair economic power by large corporations has recently passed the National Assembly.

The business community has been strongly opposed, and the government foretold strong implementation, saying that the chaebol reform policy has progressed.



Reporter Kim Hye-min on the report.



<Reporter>



Regarding the so-called “Three Fair Economy Act” that recently passed the National Assembly plenary session, the government assessed that although it is not perfect, it is more advanced than the past chaebol reform policy.



[Cho Seong-wook/Chairman of Fair Trade Commission: It is expected that transparency and accountability in corporate management will be strengthened, and the soundness of our economy will be improved.]



Regarding the so-called '3% rule' that the business community opposes,



[Sang-Woo Ha/Director of Economic Research Division : There



is a high

risk of technology or management strategy leakage as it causes foreign capital to enter the board of directors, which is a core management body for Korean companies.] The

government refuted that the increased management transparency reduces the possibility of foreign speculative capital interference. .



The '3% rule' requires a listed company to elect one of the audit committee members separately from the directors, and the voting rights of the largest shareholder are limited to 3%.



In addition, the government is not banning normal internal transactions, although it is expanding to all companies and subsidiaries with a total family ownership of 20% or more, regardless of whether listed or unlisted companies are subject to the regulation.



There was a government draft, but he said he would not go ahead with the abolition of the exclusive complaint right, which was left out of the discussions at the National Assembly and caused controversy over the reform and retreat.



[Cho Seong-wook/Chairman of Fair Trade Commission: In the process of collecting opinions, SMEs have been the most objectionable from the beginning. We will respect the decision of the National Assembly.] If the



FTC accusation is insufficient, supplementary devices such as the compulsory complaint request system will be activated. I predicted that.



(Video coverage: Jeong Seong-hwa, video editing: Park Jeong-sam)