How much further the KOSPI can advance is drawing increasing attention, as expectations for stronger shareholder returns following the passage of the third revision to the Commercial Act and the government’s tighter property rules push idle liquidity into equities, securities industry officials said Friday. Driven by optimism over the amendment, Korea’s benchmark index has repeatedly hit fresh record highs, surpassing the 6,000 level for the first time on Wednesday. Gains extended Thursday, with the index jumping 223.41 points, or 3.67 percent, to close at an all-time high of 6,307.27. The third amendment to the Commercial Act cleared a plenary vote at the National Assembly on Wednesday, spearheaded by the ruling Democratic Party of Korea. The law requires treasury shares purchased after it takes effect to be retired within one year, while shares already held must be canceled within 18 months to ease the compliance burden. Separately, President Lee Jae Myung has consistently underscored curbing speculative property purchases as a key policy objective, maintaining a hard-line stance