KOSPI Financial Firms "Hope Value-Up Resolves Undervaluation of Financial Stocks"

The Korea Exchange announced on the 13th that it held the "KOSPI Financial Companies Meeting for Corporate Value-Up" chaired by Jung Eun-bo, Chairman of the Korea Exchange.

The meeting was organized to listen to the opinions of companies and encourage active participation regarding the disclosure of corporate value enhancement plans, targeting financial companies listed on the KOSPI (Dongyang Life Insurance, Meritz Financial Group, Mirae Asset Life Insurance, Samsung Securities, Samsung Fire & Marine Insurance, KakaoBank, Kiwoom Securities, BNK Financial Group, KB Financial Group, and NH Investment & Securities) and their executives in charge of finance and disclosure.

Chairman Jung Eun-bo stated, "Since the initial announcement of the Corporate Value-Up Program, financial sectors such as banks and securities have attracted market attention as representative low price-to-book ratio (PBR) stocks," adding, "We expect the active participation of financial companies to spread in the market, as seen in KB Financial Group’s preliminary disclosure of its corporate value enhancement plan and Kiwoom Securities’ disclosure of its corporate value enhancement plan." He further noted, "Considering that it takes time to establish mid- to long-term corporate value enhancement plans, submitting preliminary disclosures first and actively communicating with the market could be a good approach."

Executives from the financial companies attending the meeting expressed positive consideration of participating in the Corporate Value-Up Program, stating that they are internally discussing the program with their boards of directors and management in connection with mid- to long-term business strategies. They also added that they plan to enhance shareholder value by strengthening communication with shareholders and market participants through domestic and international investor relations (IR) meetings and earnings presentations. They collectively hoped that the Corporate Value-Up Program would help resolve the undervaluation of financial stocks and serve as an opportunity for the market to recognize their true value.

The Exchange plans to continuously listen to market opinions and communicate to encourage participation from various listed companies, including financial companies, and to activate the disclosure of corporate value enhancement plans.

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