Jung Eun-bo Chairman: "Supporting Corporate Value-Up Measures Is the Top Priority"

Jeong Eun-bo, 8th Chairman of the Exchange, Inaugurated on the 15th
Emphasizes Active Communication with Market Participants

"We will support efforts to enhance corporate value so that they do not end with short-term responses but take root as a mid- to long-term corporate culture."

The Korea Exchange held the inauguration ceremony of the 8th Chairman Jung Eun-bo at its Busan headquarters (BIFC) on the 15th.
[Photo by Korea Exchange]

Jeong Eun-bo, the new chairman of Korea Exchange (KRX), stated this at the inauguration ceremony held on the 15th at the Busan headquarters (BIFC).

In his inaugural speech, Chairman Jeong expressed his determination to "realize a capital market where companies can efficiently raise funds, investors can obtain fair profit opportunities, and the economy can drive new growth."

Chairman Jeong presented the operational directions of the exchange as ▲ actively supporting corporate growth ▲ providing investors with fair asset management opportunities ▲ securing new growth foundations for KRX.

First, he expressed his commitment to supporting the enhancement of corporate value and efficient fundraising through the capital market. Chairman Jeong emphasized that the 'Corporate Value-Up Support Plan,' being prepared jointly with the government, is the top priority, and that the exchange will take the lead and actively promote it. To this end, he plans to establish a dedicated permanent organization within the exchange to ensure that corporate value-up efforts become a mid- to long-term corporate culture.

Additionally, Chairman Jeong stated, "We will establish distinct identities for the KOSPI, KOSDAQ, and KONEX markets to provide customized services tailored to corporate characteristics, and introduce new platforms for efficient capital intermediation such as the new securities market and Business Development Companies (BDC), thereby expanding the foundation for global competitiveness."

He also expressed his resolve to expand opportunities for investors to build assets through the stock market on a solid trust basis. To this end, from the IPO stage, efforts will be made to enhance the expertise and capabilities of listing reviews to boost trust, provide sufficient information to IPO companies, and regarding short selling, support computerized short selling, strengthen monitoring of illegal short selling, and correct the "tilted playing field." Furthermore, to respond to the emergence of sophisticated new unfair trading, the market surveillance organization and personnel will be significantly expanded, concentrating capabilities.

Chairman Jeong expressed his determination to enable KRX to sustain growth through the creation of new added value. By reorganizing business units in data and index sectors, the current fee-based revenue structure will be diversified, and in addition to traditional products, plans include expanding development of new Exchange-Traded Products (ETP), FICC (bond, foreign exchange, commodity) derivatives, and fostering the carbon emissions trading market to establish a solid revenue base.

Moreover, he emphasized plans to prepare measures to further strengthen Busan’s role as a financial hub in celebration of the 20th anniversary of the Busan headquarters next year, marking the opening of the "Busan 3.0 era."

Chairman Jeong urged KRX executives and employees to actively communicate with industry participants and investors. Alongside this, he emphasized expanding a horizontal organizational culture internally and realizing cooperative labor-management relations.

This content was produced with the assistance of AI translation services.