[Photo] "Stronger Commercial Act Amendment" Passes National Assembly Plenary Session... People Power Party Abstains from Vote

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On August 25, the National Assembly plenary session saw the passage of a stronger amendment to the Commercial Act, led by the ruling party. The amendment mandates the introduction of a cumulative voting system for listed companies with assets of over 2 trillion won, and expands the requirement for separate election of audit committee members from at least one to at least two members.

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