Vice Chair Kim So-young Returns Home After Completing 'K-Finance Sales'

IR for Major Institutional Investors in Singapore
Introduction to 'Value-Up Support Measures'

Kim So-young, Vice Chairman of the Financial Services Commission, returned to Korea on the 29th after completing financial sales activities in Singapore and Thailand.

As the first schedule during her business trip, Vice Chairman Kim attended an IR event in Singapore. She met with major institutional investors in Singapore, including the Korea Exchange and the Korea Securities Depository, to explain the Korean government's efforts to advance the capital market. A total of 24 major institutional investors attended the event, including Singapore's sovereign wealth funds GIC and Temasek, as well as Morgan Stanley Asset Management, UBS Asset Management, and Fidelity.

In particular, she introduced the government's direction for advancing the capital market and provided detailed explanations about the "Corporate Value-Up Support Plan." Vice Chairman Kim emphasized, "Capital market institutional improvements are consistent mid- to long-term key policy tasks to promote mutual growth and coexistence between companies and investors."

In Thailand, she held consecutive meetings with the local central bank (Bank of Thailand) and the Securities and Exchange Commission.

Vice Chairman Kim stated, "I am aware that the Bank of Thailand is making various policy efforts, including the introduction of virtual banks, to advance the financial sector," and requested interest and cooperation regarding the participation of Korean financial companies when virtual bank licenses are granted.

During the meeting with the Thai Securities and Exchange Commission, she explained that Korea is temporarily suspending short selling until June this year to establish orderly capital market transactions and protect individual investors, and is promoting improvements to systems and regulations to prevent illegal and unfair short selling.

Finally, she met with financial companies operating locally to review △ the situation of Thailand's financial industry and financial market △ the business status of each company △ business difficulties and suggestions. Four financial companies operating in Thailand attended the meeting.

Vice Chairman Kim promised, "We plan to actively support the overseas expansion of financial companies for the sustainable growth of our financial industry," and added, "We will make active efforts, including close communication with Thai financial authorities, to resolve local business difficulties."

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