Deputy Prime Minister Choi Sang-mok convened a virtual meeting with global investors from Singapore, Hong Kong, and the Americas on April 4 to listen to their opinions about the Corporate Value-up Program and discuss its future directions.

* Wellington, GIC, Fullerton, M&G, Pictet, HSBC, Orbis, Artisan, Indus are among the institutions attended the meeting.

DPM Choi introduced the Korean government’s efforts to enhance corporate valuation which include (a) providing a set of value-up guidelines and tax benefits to promote voluntary efforts of listed companies in enhancing their valuation, (b) building a “Korea value-up index” to support institutional investors in evaluating companies’ efforts and performance for improving corporate value and in making investment decisions, and (c) increasing global investors’ access to the Korean foreign exchange market by extending its trading hours. He also asked attendees to pay close attention to the government’s endeavors to advance Korea’s capital market, emphasizing that these efforts present an opportunity to improve profitability not only for domestic companies and citizens but also global investors like themselves.

The meeting attendees spoke highly of the government’s recent initiatives aimed at enhancing corporate valuation, noting that these efforts have indeed acted as a catalyst to attract their interest in the Korean stock market. They also suggested that such policy efforts should persist over the long-term bolstered by the government’s unwavering dedication, and businesses should communicate more closely with investors, with a view to actually achieving the outcome of raising investor awareness.

As the meeting concluded, DPM Choi pledged to further develop the “Corporate Value-up Program” through close communication with the market and also encouraged the participants to make active suggestions for improving Korea’s capital market to align with global standard.

Please refer to the attached files.