As the third amendment to the Commercial Act, centered on mandatory cancellation of treasury stocks, passed the National Assembly plenary on the 25th, attention is focused on what the Democratic Party of Korea, which is leading legislation to invigorate the capital market, will pursue as its next legislative goal.
As President Lee Jae-myung mentioned the 'Stock Price Suppression Prevention Act' as a follow-up task to the third Commercial Act amendment on this day, there are also expectations that the ruling party will begin legislation on the relevant bill.
The K-Capital Market Special Committee (Special Committee), which is actively conducting follow-up legislative discussions at the Democratic Party to resolve the Korea Discount, has already announced plans to undertake various follow-up tasks including expansion of voting rights for institutional investors (stewardship code), improvement of disclosure systems, and improvement of the Capital Markets Act in sequence.
(...)
https://news.einfomax.co.kr/news/articleView.html?idxno=4400403
