▲ President Lee Jae Myung speaks during a press conference held at Cheong Wa Dae in Seoul on Jan. 21, 2026. (Yonhap)

(LEAD) Lee-capital markets

(LEAD) Lee, lawmakers share consensus on swiftly amending bill that requires cancellation of own shares

(ATTN: UPDATES throughout; CHANGES headline; TRIMS)

By Kim Eun-jung

SEOUL, Jan. 22 (Yonhap) -- President Lee Jae Myung and ruling party lawmakers on Thursday shared a consensus on the need to swiftly push ahead with additional amendments to the Commercial Act aimed at requiring the cancellation of own shares, party officials said.

Lee hosted a luncheon with lawmakers from the ruling Democratic Party's special committee, which has been spearheading legislative efforts for a third round of Commercial Act revisions, to discuss ways to further boost the bullish stock market.

The revision bill, currently pending in parliament, centers on the mandatory cancellation of own shares of listed firms, a measure widely expected to increase shareholder returns.

Rep. Oh Gi-hyoung, who heads the committee, said both Lee and the ruling party shared the view that the revision should not be delayed any further.

"There was a consensus on the swift passage of a third round of amendments to the Commercial Act," Oh told reporters at the National Assembly following the luncheon at Cheong Wa Dae.

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