Samil PwC: "Strategic Response of Governing Bodies Key Amid Capital Market Regulatory Changes"

Corporate Governance Seminar

The Samil PricewaterhouseCoopers Governance Center announced on the 29th that it held a seminar on the theme of "New Paradigm of Capital Market Regulations and Corporate Governance" at the Four Seasons Hotel Seoul in Jongno-gu, Seoul, on the afternoon of the 26th.

Yoon Hoonsoo, CEO of Samil PricewaterhouseCoopers, is delivering the opening address at the "New Paradigm of Capital Market Regulations and Corporate Governance" held on the afternoon of the 26th at the Four Seasons Hotel Seoul in Jongno-gu, Seoul. Samil PricewaterhouseCoopers

This seminar was organized to share expert opinions on how changes in the capital market will impact corporate management, and to discuss strategic response measures. The seminar consisted of three sessions in total, and drew significant attention with the participation of approximately 190 corporate stakeholders, including board members, auditors, and top executives of listed companies.

Yoon Hoonsoo, CEO of Samil PricewaterhouseCoopers, stated, "Companies that accurately grasp the changing trends in the governance regulatory environment and respond proactively will have opportunities for sustainable growth," adding, "I hope this seminar serves as a forum to share insights for strategic responses to the new governance paradigm and to explore ways to turn change into growth."

In the first session, Jung Junhyuk, professor at Seoul National University School of Law, gave a presentation on "The Evolution and Implications of Capital Market-Related Laws." Professor Jung emphasized, "The protection of shareholder interests, which is the aim of the amended laws, must be reflected throughout the company’s decision-making processes and internal control systems, as well as in the overall corporate culture." He also explained in detail the background of recent amendments to the Commercial Act and the Capital Markets Act, along with specific response strategies for directors regarding each major provision.

Next, Heo Jeheon, partner at the Samil PricewaterhouseCoopers Governance Center, delivered a lecture on "Capital Market Law Through Case Studies." This session introduced concrete examples of how changes to regulations on mandatory treasury stock cancellation, mandatory tender offers, and merger ratio systems affect corporate capital transactions and corporate value, as well as measures to establish safeguards. Partner Heo noted, "The effects of recent amendments to capital market laws are expected to be clearly mixed in the long term," diagnosing that, considering the government’s policy direction and the state of the financial markets, companies have limited options for response. He stressed the necessity of thorough prior review of capital transaction agendas and the establishment of various safeguards.

In the third session, the Samil PricewaterhouseCoopers Governance Center presented the topic "Governance Trends: The Starting Point of Change," analyzing the 2025 business reports and corporate governance reports of listed companies to provide insights into the current state and implications of shareholders’ meetings, boards of directors, and audit committees at listed companies.

The Samil PricewaterhouseCoopers Governance Center stated, "Recent amendments to capital market-related regulations demand fundamental changes in the entire decision-making system of companies, beyond individual capital transactions," adding, "The Governance Center is focusing on the fact that these changes are directly linked to the core work areas of boards of directors and audit committees. We will continue to provide insights to help governing bodies fulfill their substantive roles by supporting the advancement of related risk management and compliance systems."

Lee Hanju, president of the Institute for Democracy, stressed, "There are now clear limitations to growth strategies centered on imitation and catch-up," adding, "As our country stands at a crossroads of entering the ranks of advanced economies, we must lay the foundation for new growth through improvements in the capital market, and we will provide full policy support for this."

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