“The Amendment to the Commercial Act Is Likely to Cause Confusion in Corporate Management”
“The Myung Tae-kyun Special Prosecutor Act Targets Entire Political Sphere as an All-Purpose Investigation Law”,
Kweon Seong-dong, the floor leader of the People Power Party, is giving a speech at the parliamentary countermeasures meeting held at the National Assembly in Yeouido, Seoul, on the morning of the 25th. 2025.2.25/News1 ⓒ News1 Lee Kwang-ho,
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, “(Seoul=News1) Reporters Seo Mi-sun and Park Ki-hyun = On the 25th, the People Power Party decided to request the exercise of the reconsideration right (veto) regarding the ‘Amendment to the Commercial Act’ and the ‘Myung Tae-kyun Special Prosecutor Act’ to Acting President and Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok.”,
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, ‘Park Soo-min, the spokesperson of the People Power Party, said after the parliamentary countermeasures meeting held at the National Assembly in Yeouido, Seoul, on the same day, “The Amendment to the Commercial Act is more likely to cause confusion rather than help in corporate management, and legal costs are likely to surge,” adding, “It should be handled very carefully, but it was hastily passed unilaterally, which is regrettable, and we will definitely request the exercise of the reconsideration right.”‘,
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, ‘The National Assembly’s Legislative and Judiciary Committee held the first subcommittee for the review of bills on the 24th, where the amendment to the commercial law, which focuses on the duty of directors to shareholders, was passed unilaterally by the opposition despite the ruling party’s opposition.’,
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, ‘The ruling party has been opposing the amendment, claiming it infringes on corporate management rights. The opposition party plans to process the amendment, passed on the 24th, in the plenary session of the judiciary committee on the 27th.’,
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, ‘He further stated, “The Myung Tae-kyun Special Prosecutor Act is an ‘all-purpose investigation law’ targeting the entire political sphere, and it can have quite a negative impact, so we will naturally request the exercise of the reconsideration right.”‘,
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, ‘Regarding the release of a recorded phone call between Kim Keon-hee, wife of President Yoon Seok-yeol, and political broker Myung Tae-kyun, spokesperson Park avoided a direct answer, saying, “We are calmly observing the progress of the investigation.”‘]