FedChamber to Hold Model Company Act Briefing Session on the 30th

[Asia Economy Reporter Suyeon Woo] The Federation of Korean Industries (FKI) announced on the 25th that it will hold the 'FKI Model Company Act Briefing Session' on June 30 at 2 p.m. at the Topaz Room on the 2nd floor of the FKI Conference Center.

Marking its 60th anniversary this year, the FKI has been working on enacting a Model Company Act to advance corporate company law systems, and plans to present the results at this briefing session. Kwon Tae-shin, FKI Senior Vice Chairman, will deliver the opening remarks, and Jeong Jun-woo, President of the Korean Corporate Law Association (Professor at Inha University Law School), will give the congratulatory address. Following this, Choi Jun-seon, Honorary Professor at Sungkyunkwan University Law School, who has led the drafting of the FKI Model Company Act, will give the keynote presentation.

Subsequent detailed topics will include Stock Subscription Warrants and Issuance of Preferred Stocks (Professor Kwak Kwan-hoon, Sun Moon University), Introduction of the Business Judgment Rule (Professor Choi Byung-kyu, Konkuk University Law School), and Multiple Derivative Suits (Adjunct Professor Kang Young-ki, Korea University Graduate School of Law). The discussion session will feature participation from Professor Kim Sun-jung of Dongguk University Law School and Professor Han Seok-hoon of Sungkyunkwan University Law School.

The FKI explained that this briefing session will serve as a forum for discussions on establishing a new corporate law system aligned with global standards, and hopes it will be an opportunity to modernize the Commercial Act, which has been focused solely on strengthening corporate regulations.

This content was produced with the assistance of AI translation services.