South Korean President's senior adviser advocates advancing the reform of mandatory cancellation of stock reserves in stages.

Recently, Lee Han-chu, senior policy advisor to the president of South Korea, stated that although President Lee In-myeong's plan to repurchase and cancel outstanding shares of publicly listed companies will improve corporate governance, it needs to be implemented in stages to avoid market volatility. This proposal is one of a series of reform measures proposed by Lee In-myeong and his ruling party, the Democratic Party of Korea, to boost the undervalued South Korean stock market. Lee Han-chu, who serves as the chairman of the National Planning Commission, emphasized in an interview: "Reducing outstanding shares is the right direction, but it must be done gradually. Forcing companies to cancel all outstanding shares immediately will inevitably cause market panic." Lee Han-chu stated that implementing outstanding shares reform in stages can allow companies and investors to gradually adapt, while also promoting complementary measures such as cumulative voting.