Lee Jae-myung said, "Revising the Commercial Act, the Democratic Party of Korea is responsible forWe need to make a reasonable plan."

Lee Jae-myung, chairman of the Democratic Party of Korea, said he will hold a debate on the revision of the commercial law himself, and that the Democratic Party of Korea should take responsibility for a large part of the revision regardless of the direction.

Before the debate held at the National Assembly, Lee said that he was once an ant and that he had many regrets as a "dormant" ant and potential investor who will return.

He then asked how companies can secure competitiveness and investors can invest with confidence and come up with a good plan.

At the forum, shareholders were added as targets for directors' duty of loyalty, and the business community argued against it, citing the possibility of management intervention by activist funds demanding high dividends, shrinking new investment, and difficulties in small and medium-sized companies.

On the contrary, the investor refuted the case by listing cases in which minority shareholders have suffered losses in the past, citing the undervaluation of the Korean stock market due to management decisions for some controlling shareholders, and the "Korea Discount."

CEO Lee actively led the discussion by asking for opinions from both sides on how to revise the Capital Markets Act instead of the Commercial Act and how to limit the application of the Commercial Act to listed companies.

At the end of the debate, CEO Lee said, "Isn't it hurt your pride to say that 'escape from the bureau is intelligent?" and stressed that it is necessary not only for companies and investors but also at the national level to solve this problem quickly.