The ruling party "unreasonable legislation" to push for the revision of the democratic commercial law.

The People's Power has repeatedly expressed opposition, saying that the revision of the Commercial Act, which strengthens the direct responsibility of corporate directors to shareholders promoted by the Democratic Party of Korea, is an unreasonable legislation.

At the floor meeting, Kim Sang-hoon, chairman of the policy committee, said, "How can directors protect everyone when shareholders such as major shareholders, minority shareholders, institutional investors, private equity funds, and hedge funds have completely different interests?"

He also pointed out that when Korean companies, which compete fiercely in the global market, are exposed to the battle for the takeover of management rights by hedge funds and international corporate hunters, the interests of minority shareholders will be violated as a result.

Economic organizations also expressed concerns about excessive litigation, and members of the National Assembly's standing committee recommended a cautious approach, stressing the need for in-depth discussions between the ruling and opposition parties to protect shareholders' interests and enhance corporate competitiveness, not unreasonable commercial law revisions.