[Background]

To improve the treasury stock disclosure system to encourage listed companies to utilize the treasury stock they hold as a means of shareholder return to protect the rights and interests of general shareholders.

[Main Points]

- To establish a basis for imposing heavier penalties (aggravated measures) on individuals who have been disciplined for non-compliance regarding the public disclosure of treasury stock acquisition, holding, or disposal, if they commit the same or similar violation within two years.

- To establish detailed criteria for measures against disclosure violations related to the acquisition, holding, and disposal of treasury stock, allowing for the use of various sanctions such as restrictions on the issuance of securities or recommendation for dismissal of executives, in addition to the imposition of fines.