Korea Exchange Holds Meeting with Foreign Securities Firms to Enhance Corporate Value

Goldman Sachs, Nomura, and 6 Other Securities Firms Attend
Jung Eun-bo, Chairman, "Expecting Strengthened Competitiveness of Domestic Stock Market"

The Korea Exchange announced on the 15th that it held a meeting with foreign securities firms chaired by Chairman Jeong Eun-bo to enhance corporate value.

Jeong Eun-bo, Chairman of the Korea Exchange (sixth from the left), and representatives of foreign securities firms attending the meeting are shouting "Fighting" and taking a commemorative photo.
Photo by Korea Exchange

The meeting, organized to gather opinions from foreign securities firms on resolving the Korea Discount (undervaluation of the Korean stock market) and the corporate value-up program, was attended by eight foreign securities firms including ▲Goldman Sachs ▲Nomura ▲Macquarie ▲Merrill Lynch ▲Morgan Stanley ▲J.P. Morgan ▲Korea SG ▲HSBC.

Chairman Jeong said, "Recently, the net buying trend of domestic stocks by foreign investors has continued, and there is high overseas interest and expectation for Korea's corporate value-up program. As foreign investors pay attention to changes in our capital market, we hope that voluntary efforts to enhance corporate value will lead to strengthening the competitiveness of the domestic stock market."

The foreign securities firms attending the meeting expressed, "We hope that interest in the Korean market through corporate value-up support measures will lead to investment," and conveyed foreign investors' opinions including ▲the government's, related institutions', and companies' mid- to long-term and continuous policy implementation ▲improving corporate governance and securing management transparency to enhance foreign investors' trust ▲encouraging autonomous and active participation of companies through concretization of various incentives ▲enhancing expertise and independence to strengthen the role and responsibility of the board of directors.

A Korea Exchange official stated, "We will reflect the opinions of foreign securities firms to ensure that corporate value-up support measures are operated continuously and effectively, and strive to expand foreign investors' sustained interest and investment in the Korean stock market," adding, "We will continue to communicate with various market participants, including domestic and foreign investors, to improve necessary matters."