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Democratic Party of Korea "The government's amendment to the Capital Markets Act is prescribed by tinkering."

2024.12.02 PM 04:58
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In addition, the Democratic Party of Korea criticized the financial authorities' revision of the Capital Markets Act, which stipulates that the board of directors should strive to protect shareholders' interests in the event of a merger or division of a company, as a tinkering prescription that falls short of expectations.

In a press conference, the Democratic Party of Korea's "Domestic Stock Market Revival TF" pointed out that the government's measures are clearly limited to protecting investors or reviving the moribund Korean stock market.

He then said that pushing for the revision of the Capital Market Act while ignoring the revision of the Commercial Act is only a half-reform, and argued that comprehensive reforms are needed through the division of roles between the two bills.

In addition, the government and the ruling party urged the government to actively discuss amendments to the commercial law, saying that they will pass the amendment to the commercial law within the regular session of the National Assembly, which is due on the 10th.




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