President Lee urges swift passage of treasury stock cancellation bill: "The sooner, the better"

According to The Financial News, President Lee Jae-myung of South Korea wrote on social networking service (SNS) on the 25th, "I hope the treasury stock cancellation bill will be passed as soon as possible," openly calling for swift action.
Posting on X (formerly Twitter) the same day, President Lee stated, "Most companies accept this, and both the public and shareholders welcome it, so it is hard to understand why some are staying up all night to fiercely oppose such a reform bill. They may have their reasons, but it is not easy to accept."
He went on, "The days are short, but the road ahead is long," adding, "There is a mountain of work to do, including the Stock Price Suppression Prevention Act." His remarks reflected concern that prolonged debate in the National Assembly could weaken momentum for restoring market confidence and advancing the capital market.
President Lee's message came amid growing controversy inside and outside the party over the relationship between the ruling camp and the presidential office. Sharing an article that raised concerns that "the president has been sidelined" and reported on internal back-and-forth within the ruling party, he drew a line, saying, "Excessive worries are called unfounded fears. The party should do its job, and the presidential office should do its job well." He added, "There has never been a time when the president was pushed to the back seat, nor have I ever felt that way."
President Lee said, "Despite the extreme struggle of the opposition party and many other obstacles, the Democratic Party of Korea is doing the work entrusted by the people as best it can," adding, "There is absolutely no lack when it comes to reform legislation and government support." He stressed, "The ruling party doing its job well is the best form of support for the government."
west@fnnews.com Reporter Seong Seok-woo Reporter