Lee Jae-myung, the leader of the Democratic Party of Korea, announced yesterday (27th) that he plans to push for the resubmission of the Commercial Act amendment, which has been postponed from being submitted to the plenary session of the National Assembly, in the next session.
During the extended executive meeting held at the National Assembly today (28th), Lee stated, “Isn’t this happening because the People Power Party is opposed?”
Lee pointed out, “The amendment to the Commercial Act was also promised by President Yoon Seok-yeol, Financial Supervisory Service Director Lee Bok-hyun, and former leader Han Dong-hoon.” He questioned, “Does it mean that all previous statements and policies become null when the People Power Party’s leader changes?”
He continued, “If measures to protect shareholders are established, even small investors will be encouraged to invest in the domestic stock market,” and criticized that “domestic investors are currently leaving the stock market, with the derogatory remark that it’s based on intelligence.”
Lee emphasized, “Since our citizens’ investment means are almost limited to real estate, we need to revive the capital market. The core mechanism is to ensure the Commercial Act is amended to prevent damage to shareholders’ interests and to prevent small shareholders from being discriminated against compared to major shareholders.”
He further stated, “Even if this provisional session ends, we will make sure to amend the Commercial Act, which is considered a reason for the ‘Korea discount,’ in the next session.”
[Photo credit: Yonhap News]
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