"Business community silent on martial law and impeachment, amid constant complains about economic difficulties”, 13 December 2024

Following President Yoon Suk-yeol's declaration and subsequent lifting of martial law, coupled with the ongoing impeachment crisis, (…) key business associations have refrained from commenting on both the martial law and impeachment issues.

…On 10 October, major business groups, including the Korea Economic Association, the Korea Chamber of Commerce and Industry, and the Korea Employers Federation, stated that they had "no particular stance" on the matters of martial law or impeachment, adding that they had "no plans to release an official position on these issues for the time being."

... While the business community has previously voiced concerns over economic difficulties, their silence now marks a sharp contrast...

Professor Kang (...) remarked, "Large business conglomerates and the government have long been tightly intertwined in terms of mutual interests, which is why they seem to be carefully distancing themselves from the current situation," he explained.

(…) The Korea Employers Federation, while refraining from commenting on martial law or impeachment, issued a formal statement on 10 October, urging that "the Metal Workers' Union's general strike should be restrained, as it could exacerbate social chaos and worsen the difficulties facing the national economy."