Jung Eun-bo Chairman: "13 Value-Up Related ETFs and ETNs Listed... Strengthening Global Competitiveness"

Active Value-Up Promotion for a Total of 511 Billion KRW
Proper Stock Price Evaluation
Strengthening ESG Support

Jung Eun-bo, Chairman of the Korea Exchange, announced on the 4th that "Value-Up index futures and 13 types of Exchange-Traded Funds (ETFs) and Exchange-Traded Notes (ETNs) products are scheduled to be listed."

Chairman Jung made this remark while attending the 'Korea Capital Market Conference 2024' held at the Conrad Hotel in Yeouido, Seoul, emphasizing, "Through this, we will strengthen global competitiveness."

Earlier, the Korea Exchange announced the Value-Up index last September to encourage investment in companies with excellent corporate value. Based on the Value-Up index announced at the end of September, the Exchange is introducing a total of 12 ETFs and 1 ETN worth 511 billion KRW on this day.

Chairman Jung stated, "Korea's securities market started in 1956 with 12 listed companies and has now grown into a global securities market ranked 11th in market capitalization, 4th in liquidity worldwide, and with a 30% foreign ownership ratio," adding, "Despite such quantitative growth, there is still a long way to go."

Accordingly, the Korea Exchange emphasized that it will actively promote the Value-Up program to realize its status as a more advanced capital market.

Chairman Jung said, "When companies disclose their future management goals, investors will consider these in their investments, resolving information asymmetry between companies and investors so that stock prices are properly evaluated in the market."

Furthermore, the Exchange plans to introduce night trading in the derivatives market by June next year to further expand foreign investors' access to the domestic market.

Support for ESG will also be strengthened. Chairman Jung stated, "Now, ESG management is a measure to determine corporate sustainability and a major investment criterion for investors," adding, "The Exchange will promote ESG activities of listed companies and actively support the activation of ESG disclosures."

Regarding the conference held that day, he introduced it as an occasion to diagnose the current status of our capital market and seek new directions.

Chairman Jung said, "This conference was organized to introduce the vision of the Korean capital market and to level up the Korean stock market by sharing the wisdom and experience of participants."

About 1,000 people from major domestic and foreign institutional investors, securities firms, government authorities, and listed companies gathered in one place at the conference. Notably, Financial Services Commission Chairman Kim Byung-hwan, Kevin Sneader, Chairman of Goldman Sachs Asia Pacific, and Dennis Lee, Global Head of S&P Index Division, attended.

The event featured three sessions on the Value-Up program, improvements to the Korean stock market system, and the development direction of the EPT market. Additionally, communication opportunities were provided through promotional booths for Value-Up companies and a global investor roundtable with one-on-one meetings with Value-Up companies.

On the 5th, two sessions on ESG disclosure and the future of the derivatives market, as well as a CFO meeting for investors with Value-Up companies, are scheduled to be held. Following this, presentations and discussions on the sustainable growth of the Korean stock market and the expansion of new investments will take place.

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