Korea Joongang Daily
Korea JoongAng Daily

DP passes bill mandating shareholder protections, PPP urges veto

The National Assembly passed a contentious bill expanding corporate board members' duties to protect shareholders, facing strong opposition from businesses concerned about economic impact.

2025-03-13

Biz lobbies, PPP rebuke DP's corporate 'good faith law' push

Business lobbies in Korea took a firm stance against an amendment to the Commerical Act rammed through a parliamentary subcommittee by the liberal Democratic Party that would expand "good faith" obligations for corporate board directors.

2025-02-25

FSS chief pushes back against DP with call for Capital Markets Act revision

Financial Supervisory Service Gov. Lee Bok-hyun has called for a revision to the Capital Markets Act to protect retail shareholders instead of revamping the Commercial Act as desired by the liberal Democratic Party.

2024-11-28

Revising the Commercial Act for what and whom

But these mechanisms should be installed in the Capital Markets Act instead of the Commercial Act.

2024-11-24

Remove the ambiguity of the revision first

Shareholders can be protected only when companies play their due role.

2024-06-26