[Photo] Stronger Commercial Act Led by Ruling Party Passes Plenary Session... Cumulative Voting System Mandated

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