The National Assembly is now pursuing a third round of amendments to the Korean Commercial Code and tax laws that would mandate the cancellation of treasury shares and tighten restrictions on their disposal. In parallel, the financial authorities have recently finalized amendments to relevant regulations, including the Enforcement Decree of the FSCMA and the Regulations on Issuance and Disclosure of Securities.
The government continues to promote amendments to the Korean Commercial Code. Following the mandatory cancellation of treasury shares, they are now considering amendments to the criminal liability framework concerning duty of care and other fiduciary duties of directors and management, namely the abolishment of breach of trust under the Criminal Code.
On August 14, 2025, the Korean Supreme Court upheld a guilty verdict against a Taiwanese corporation indicted on charges of trade secret and industrial technology misappropriation committed by its employees.
Kim & Chang represented Naver in its appeal to the Supreme Court, which fully reversed the Seoul High Court’s decision and remanded the case. The Supreme Court decision is the first court ruling to apply established competition law principles and precedents to the issue of self-preferencing by online platform operators, marking its symbolic significance.
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