Economic circles "Revised Government Capital Markets Act, Positively Evaluated"

The business community, which has strongly opposed the amendment to the commercial law, has expressed a positive assessment of the government's decision to revise the Capital Markets Act instead of the commercial law.

Eight business groups said in a joint statement that the government's revision of the Capital Markets Act is expected to have a positive effect on the rights and interests of general shareholders by stipulating standards for evaluating the fair value of companies and introducing shareholder protection in case of physical division.

However, he pointed out that discussions such as the legislation of specific codes of conduct are necessary for the stable operation of the board of directors.

Economic organizations also added that they will focus on discovering new businesses and innovating technologies to reignite the growth engine of the Korean economy, and increase the attractiveness of the Korean stock market by enhancing shareholder value and strengthening shareholder communication.