Law Firm Gwangjang announced on May 14 that it will conduct a lecture on May 22 for KOSDAQ members, focusing on key legal issues affecting corporate management and capital markets, including the mandatory cancellation of treasury stocks and the so-called "stock price control prevention law."
The lecture aims to assess corporate management risks arising from recent changes in commercial law and capital market regulations and to share response strategies. It will consist of three sessions: mandatory cancellation of treasury stocks, the stock price control prevention law, and the reform of the delisting system.
In the first session, attorney Kim Tae-jung from the M&A group will present on "Mandatory Cancellation of Treasury Stocks Under the Third Amendment to the Commercial Law and Response Strategies." Amid ongoing discussions in political and market circles regarding the use of treasury stocks for maintaining control and defending management rights, he will explain key issues of the amended commercial law and practical response measures from the perspectives of corporate governance and financing.
The second session will feature attorney Kim Sang-hoon from the tax group, who will discuss "The Purpose and Impact of the Stock Price Control Prevention Law." This law aims to prevent major shareholders from intentionally keeping corporate stock prices low to reduce inheritance and gift tax burdens, which is part of ongoing discussions regarding amendments to inheritance and gift tax laws.
In the political arena, there are ongoing discussions about supplementing tax standards to reflect not only the market price but also net asset values for companies with excessively low price-to-book ratios (PBR). The lecture is expected to focus on how these regulatory changes will impact corporate shareholder return policies and succession strategies.
In the final session, advisor Song Young-hoon, who previously served as the deputy head of the KRX's securities market division and the KOSDAQ market division, will present on "Reform of the Delisting System and Key Considerations." He plans to introduce the direction of the delisting system reform and practical application cases from the exchange, as well as outline the response measures that listed companies should be aware of.
A representative from Gwangjang stated, "We hope this lecture will help KOSDAQ members effectively respond to legal and regulatory changes and establish a stable management environment."
* This article has been translated by AI.
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