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Suggestions for improving the internal accounting management system and the Serious Accident Penalty Law
Induce investment by improving taxation, such as a lower inheritance and gift tax.
<대한금융신문=강신애 기자> The KOSDAQ Association plans to make an effort to ease the KOSDAQ regulations this year.
On the 16th, the new president of the KOSDAQ Association, Jang Kyung-ho, held a press conference to commemorate its inauguration and expressed his ambitions.
President Jang selected “Strengthening Policy Functions to Improve Management Environment and Promote Deregulation” as a key project this year.
President Jang said: “Last year, 1510 new and strengthened regulations, such as the crown-related business risk and the third law of corporate regulation, were a year in which a lot of bad news broke out in the business environment.”
First, the KOSDAQ Association plans to propose a system improvement related to external audit law enforcement. Currently, KOSDAQ listed companies report that standard audit hours and internal accounting management systems are excessive.
In addition, the policy is to make active recommendations to policy authorities by preparing measures to streamline and complement systems such as the Severe Accident Sanctions Law, the Collective Action System and the punitive damages compensation system, as well as investigation of the impact. of the modification of the Trade Law and suggestions for improvement.
The KOSDAQ Association is also promoting tax improvement to revitalize the KOSDAQ market.
In detail, we support the succession of the family business by reducing the inheritance and gift tax, improving the tracking management system and recommending that the taxation of stock options be deferred to ‘disposition’ to support the acquisition of labor professional. of the KOSDAQ companies.
In addition, Chairman Jang plans to suggest the introduction of a business loss reserve system for newly listed KOSDAQ SMEs. The aim is to allow excellent private companies to be listed on the KOSDAQ market.
Chairman Jang said, “In order to revitalize the KOSDAQ market, various incentives should be prepared to attract top unlisted companies to the KOSDAQ market.”
Finally, he said that he would also ask for an active investment from KOSDAQ in pension funds.
Chairman Jang said, “We will solve the problems that make unlisted companies avoid listing in Korea, such as introducing a management rights defense system and resolving excessive regulations on listed companies.” “Development of financial investment products using KOSDAQ-related indices. The investment environment should also be improved.”
In the meantime, to improve such policies, the KOSDAQ Association will continue to hold meetings and seminars with the National Assembly and government ministries to play a bridging role in KOSDAQ-related policies.
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