US 'Pitch' Company: "Corporate Value-Up Program Will Help Resolve Korea Discount"

Ian Linnell, CEO of the U.S. credit rating agency Fitch, forecasted that the "Corporate Value-Up Program" would help resolve the Korea discount.

The Ministry of Economy and Finance reported that CEO Linnell made this statement during a meeting with First Vice Minister Kim Byung-hwan on the 26th.

Vice Minister Kim met with CEO Linnell around 4 p.m. at the Government Seoul Office, listened to discussions on the global economic outlook, and spent nearly an hour discussing the state of the Korean economy and policy response directions.

Vice Minister Kim stated that the "Corporate Value-Up Program" focuses on voluntary efforts to enhance corporate value, enabling companies to grow together with shareholders, and that the ministry will continue to prioritize capital market advancement as a key task and explore additional measures from various angles.

He also expressed gratitude to Fitch for its multiple positive evaluations of the Yoon Seok-yeol administration's sound fiscal policy stance and promised to continue efforts to strengthen fiscal soundness.

In response, CEO Linnell evaluated that "Korea's rigorous fiscal consolidation measures and solid external soundness are positive factors for its credit rating," and mentioned that "Korea's robust current account balance is something many major G20 countries envy."

This meeting was held at Fitch's request.

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