Small Business Owners in Confusion as Major Disaster Law Expansion Faces Delays

Delay in Expansion of Major Disaster Corporate Punishment Act Causes Confusion Among Small Business Owners

Subtitle: Small Business Owners Express Frustration and Lack of Preparedness as Law Implementation is Postponed

The implementation of the “Major Disaster Corporate Punishment Act” has been delayed, leading to confusion and frustration among small business owners in South Korea. The law, which was supposed to be expanded to include businesses with 5 or more employees, has faced a two-year delay due to a lack of approval from the National Assembly.

The delayed expansion of the law has left small business owners in a state of uncertainty and unpreparedness. They have not received proper guidance or guidelines regarding the application of the law, causing further confusion and frustration.

The delay in the expansion of the law is primarily attributed to political conflicts between the ruling and opposition parties. The parties have been unable to find a compromise on this issue, leaving small business owners in a state of limbo.

The “Major Disaster Corporate Punishment Act” aims to address and prevent major disasters within businesses. However, the law has not been effectively communicated to small business owners, exacerbating their surprise and confusion.

Starting from the 27th of this month, the law will be applied to service industries such as restaurants, cafes, and supermarkets. Businesses in Seoul’s Jung-gu area, particularly those handling food ingredients, will also be impacted by the law.

The law will be applicable to businesses with 6 or more employees, encompassing both large and small enterprises. However, the delay in its expansion has led to increased dissatisfaction among small business owners, who feel unprepared for the implementation of the law.

In conclusion, the delay in the expansion of the “Major Disaster Corporate Punishment Act” has created confusion and frustration among small business owners in South Korea. The lack of proper communication and guidance, coupled with political conflicts, has left them feeling unprepared and uncertain about the law’s implementation.