FSS Holds 'Value-Up Management Activity Support Nationwide Briefing'

On the 19th, the Financial Supervisory Service (FSS) announced that the disclosure, investigation, and accounting departments will jointly hold nationwide briefings in six cities to support value-up focused management activities of listed companies.

The FSS plans to expand the scope of the 'Visiting Corporate Disclosure Briefings,' which have been held 3 to 4 times annually, and will intensively conduct briefings in six cities during the first half of the year, starting with Seoul (February 24) and Pangyo (February 26).

The briefings will provide guidance on institutional improvements aimed at motivating value-up, including dividend procedures through recent amendments to the Capital Market Act, changes in treasury stock systems, initial public offering (IPO) systems, and auditor designation.

Additionally, the sessions will cover recent cases requiring amendments to securities registration statements such as rights offerings, public tender offers, and mergers, as well as disclosure items to help investors make rational decisions when preparing securities registration statements, thereby supporting shareholder value-centered management activities.

Furthermore, the FSS will introduce cases of corporate value damage related to management activities, such as the use of undisclosed information and riding on themes of unfair trading, to enhance corporate transparency.

The FSS explained, "Through prior announcements of the value-up briefings (with cooperation from the Korea Listed Companies Association and KOSDAQ Association), we will encourage participation from companies in the respective regions and disclose briefing materials. We plan to steadily implement tasks to establish shareholder value-centered corporate management to support and encourage companies' voluntary value-up efforts."