Exchange Forms Corporate Value-Up Advisory Group... Value-Up Guidelines to Be Released in May

The Korea Exchange announced on the 7th that it has formed a 'Corporate Value-Up Advisory Group' and held a kickoff meeting as a follow-up measure to support corporate value-up initiatives.

Jung Eun-bo, Chairman of the Korea Exchange (fifth from the left in the front row), and the Corporate Value-Up Advisory Group are shouting "Fighting" and taking a commemorative photo.
[Photo by Korea Exchange]

The Corporate Value-Up Advisory Group consists of a total of 12 members: 3 from academia, 4 investors, 4 from corporations and related organizations, and 1 from the Korea Exchange. Professor Cho Myung-hyun of Korea University was appointed as the chairman. Shuka from Shuka World, an economic and financial social networking service (SNS) channel with 3.07 million subscribers, also attended the meeting as a special guest.

Going forward, the advisory group will hold regular meetings once or twice a month to provide expert advice in various fields during the detailed implementation process of the corporate value-up support plan. In the first half of this year, which is the preparation stage of the corporate value-up program, the group will support the collection and reflection of market participants' opinions, the establishment of guidelines for listed companies' corporate value enhancement plans, and the concretization of various support measures. From the second half of the year when the program is implemented, the advisory group will monitor the disclosure of corporate value enhancement plans by listed companies, discover and review outstanding value-up cases, establish criteria for selecting excellent companies, and serve as advisors representing various sectors in the development of the Korea Value-Up Index and Exchange-Traded Funds (ETFs).

Jung Eun-bo, Chairman of the Korea Exchange, said, "Based on the judgment that 'the answer lies in the field,' we formed the advisory group to maintain constant communication with various market participants." He added, "I ask everyone to gather wisdom with a long-term perspective so that the corporate value-up program can be carried out smoothly and bring about substantial changes in our capital market." Chairman Jung also encouraged, "Since there is great market interest and expectation for the establishment of the guidelines, let us accelerate the guideline drafting process through the active support of the advisory group and try to finalize the plan earlier than the original schedule set for the first half of the year."

Professor Cho Myung-hyun, appointed as chairman, expressed his ambition, saying, "I urge advisory members to actively express their opinions and contribute to resolving the Korea discount through continuous evaluation and improvement of the corporate value-up support plan." Hajinsoo, Executive Director at JP Morgan, stated, "From the frontline perspective, there is high interest and expectation among overseas investors regarding the spread of a culture that respects shareholder value in the Korean stock market. To translate this atmosphere into actual investment, it is important that this culture is established as a corporate culture through continuous efforts."

The Korea Exchange plans to hold meetings with listed companies to enhance their understanding of the corporate value-up support plan and collect opinions while operating the Corporate Value-Up Advisory Group. Based on the opinions gathered from the advisory group and various market participants, the guideline drafting process will proceed smoothly, and the draft guidelines will be disclosed at the second joint seminar scheduled for May.

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