South Korea’s Financial Services Commission (FSC) on Thursday proposed amendments to the Capital Markets Act and related regulations that would tighten disclosure requirements for listed companies holding their own shares. The draft lowers the reporting threshold from 5% to 1% of a company’s total issued stock and requires firms to report their holdings and disposal plans twice a year instead of once. Companies would also have to compare previously announced buyback or disposal plans with actual actions and explain any significant differences.

The FSC said the changes aim to improve transparency as buybacks surge, noting that cancellations of treasury shares