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Business Community Embraces Class-action Lawsuit System

Written: 2003-03-19 00:00:00Updated: 0000-00-00 00:00:00

The nation's five major business organizations decided Wednesday to accept a class-action lawsuit system.

The vice chairman of the Federation of Korean Industries said they will ask the government to take measures to minimize the negative effects of the system.

The business circle wants the government to revise the law if problems arise after five years of implementation. The law is scheduled to go into effect next year after a one-year grace period.

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