This means Link would have to be able to lift something over twice his weight. As protagonist I'm sure he can do it just fine. As something similar to human being - with arms as frail as his I pretty doubt it.
Now the change of momentum due to air resistance force (which is also the force which will act on Links hands) is proportional to change of Links speed.
Using Internet I've found out maximum free fall speed of human skidivers to be around 53 m/s while speed of falling with parachute opened is around 7.7 m/s. We need to estimate Links's weight - he looks rather scrawny, let's say he has 50 kg.
Because F=∆E/d and F=∆p/t both equations do show an excessive amount of force on Link's arms, but the parachute makes the mechanical energy in the system go down. Energy is conserved due to the laws of the universe, but we're only looking at the system , to determine the force.
@Michael Arnold well KE is 1/2 m*v2 (don't know superscript) And I guess the parachute could be acting as a force in the opposite plane of motion, since ∆E=Fd? I guess it works, but using J instead of N*s. Still, it's not con of energy, it's change in e(since the parachute is a non-con force)
@Jonathan santos: You shouldn't be, at the height he did that he either was close to the ground and fell a short distance at a high speed or he did that high in the air, lost his grip and fell at a high distance at high speed. He should be dead. I'm disappointed in you.
(of course my first comment would be about a physics equation)
As a note, this is actually a conservation of momentum problem. p=F∆t, since you have a force in the negative direction (the parachute) trying to cause a change in momentum. Con of energy is more the speed at which he would be.
@NerfNow Don't worry about your endoscopy, mate! It is a pretty safe procedure. I'm sure your physician has already explained to you, but you'll just be sedated for the duration of the exam, so you won't feel (or remember) a thing when it's done!... except a little sleepy.
And that right there is the reason all fearless adventurer-types should wear "Aperture Science Long Fall Boots (patent pending)": the foot-based armor for you and your stuff.
"Conservation Of Energy" in a world where actually falling that height would just make you lose some hearts instead of breaking every bone in your body at once.