Jinseongjun "Handonghun, Clarify Your Position on the Commercial Act Amendment"

"Will the Abolition of the Financial Investment Tax, Not Yet Implemented, Revive the Stock Market?"
"Changing Corporate Structure is a Priority... Hope to Discuss at the Meeting"

Jin Seong-jun, the Policy Committee Chair of the Democratic Party of Korea, stated, "I want to ask Han Dong-hoon, the leader of the People Power Party, what his position is on the amendment of the Commercial Act."

At the party floor strategy meeting held at the National Assembly on the morning of the 27th, Chair Jin said, "Leader Han said that the abolition of the financial investment income tax is a livelihood and youth issue," and pointed out, "Is abolishing the financial investment income tax, which has not yet been implemented, truly a measure to revive our country's stock market?" He continued, "The core of the Korea discount is the backward corporate governance of our companies," and argued, "To change corporate governance, the Commercial Act must be amended."

Jinseongjun, Chairman of the Policy Committee of the Democratic Party of Korea. / Photo by Hyunmin Kim kimhyun81@

He emphasized, "If Leader Han is sincere about revitalizing our stock market, I hope he will first present his position on the amendment of the Commercial Act." As a measure to promote the Korean stock market, he said, "Like the Korea Boost-up Project announced by the Democratic Party, the duty of faithful directors should be expanded to include shareholders," and added, "The appointment of independent directors who are not influenced by controlling shareholders should be made mandatory." He also mentioned the separate election of directors and the expansion of direct voting in large corporations.

Chair Jin added, "I hope that the ruling and opposition party leaders will seriously discuss the amendment of the Commercial Act and other Korea Boost-up measures at their meeting."

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