Kim So-young, Vice Chairman of the Financial Services Commission, "Golden Time to Promote Corporate Value-Up"

Welcome Address at the 'Korea Securities Association Policy Symposium' on the 23rd
Guidelines Scheduled for Announcement in May

Kim So-young, Vice Chairman of the Financial Services Commission Photo by Yonhap News

Kim So-young, Vice Chairman of the Financial Services Commission, emphasized on the 23rd that "As interest in our corporate value-up program is increasing, this is the golden time to actively promote corporate value-up."

At the '1st Policy Symposium of the Korean Securities Association' hosted by the Korean Securities Association on the same day, Vice Chairman Kim stated, "We will steadily promote the corporate value-up program so that investor trust and expectations can be enhanced, global capital inflow can be induced, and the capital market, investors, and companies can grow together."

In her welcoming remarks, Vice Chairman Kim said that since the announcement of the 'Corporate Value-Up Support Plan' last February, follow-up measures have been steadily prepared. A dedicated department has been established within the Korea Exchange, and through discussions with the 'Corporate Value-Up Advisory Group' composed of experts from various fields, the guideline formulation work is also being finalized.

In March, the Stewardship Code guidelines were revised, and in April, plans were made to provide eight types of incentives across three major areas for outstanding corporate value-up companies. Over the two months of March and April, opinions from the field were also collected through meetings with investors, economic organizations, and companies.

The Financial Services Commission plans to finalize and announce the 'Corporate Value Enhancement Plan Guidelines' in May, and based on this, companies that are prepared will be required to disclose accordingly. Infrastructure such as the establishment of an integrated corporate value-up website will also be completed in May. Tax support measures are also being actively reviewed. The development of the 'Korea Value-Up Index' is planned to be completed in the third quarter. The Commission will continue to promote institutional improvements for the advancement of the capital market that have been ongoing for the past two years.

Vice Chairman Kim stated, "The success of the corporate value-up program is not sufficient with the efforts of the government and related organizations alone," adding, "The practical and active participation of companies, as well as the continuous interest and encouragement from investors, the financial investment industry, and experts, will be the driving force for a sustainable value-up program."

Experts from various fields shared diverse opinions under the theme of 'Challenges for the Success of Corporate Value-Up' at this symposium.