Financial Services Commission Holds IR for Overseas Institutional Investors... Introducing the Advancement of Han Capital Market
On the 21st, the Financial Services Commission held an investor relations (IR) session at the Korea Conference hosted by JP Morgan, targeting 20 domestic and international institutional investors, and explained the main directions of capital market advancement policies focused on corporate value-up support measures.
At the event, Vice Chairman Kim So-young explained improvements to the short-selling system, which has attracted significant interest from foreign investors, emphasizing policy efforts to establish a "fair and transparent market order." She explained that, following smooth follow-up measures such as the establishment of a short-selling electronic system, short-selling will resume without disruption from March 31.
She also mentioned that unfair trading will be dealt with more strictly by introducing various sanctions such as restrictions on trading financial investment products and limitations on executive appointments, thereby enhancing trust in the capital market.
Additionally, Vice Chairman Kim informed that improvement measures to "enhance accessibility to the capital market," such as the abolition of the foreign investor registration system and the mandatory first phase of English disclosure, have already been implemented. She introduced that to improve investor trading convenience this year, the launch of the Alternative Trading System (ATS) is scheduled for March, the opening of a proprietary derivatives night market in June, and the introduction of a licensing system for unlisted stock platforms in the third quarter.
Finally, Vice Chairman Kim actively promoted policy measures to establish ‘corporate management that respects shareholder value.’ Following the implementation of institutional improvements to strengthen shareholder protection related to physical division, insider trading, treasury stock, and dividends, she mentioned that the government is also actively participating in discussions on amendments to the Capital Markets Act for shareholder protection.
Furthermore, regarding the "Corporate Value-Up Support Measures" announced in February last year, she introduced that as of the 17th, 114 companies are participating in the disclosure of corporate value enhancement plans, and explained that consistent efforts will continue, including awarding and providing incentives to outstanding value-up companies in May and value-up tax support measures.
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A Financial Services Commission official stated, "We will continue to enhance the interest and investment of domestic and foreign investors through ongoing IR." Vice Chairman Kim will attend an IR session for overseas institutional investors hosted by Morgan Stanley on the 28th.
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