Key details
The employee stock ownership plan allows employees to acquire and hold the stocks of their companies to enhance their economic and social status and to promote cooperation between labor and management.
Related rules and regulations
  1. The Framework Act on Labor Welfare: stipulates the establishment of employee stock ownership plan and ESOA.
  2. Article [165-7] of FSCMA: stipulates the rights of ESOA members to have priority in allotment of stocks.