[2025 Capital Investment Awards] FSC Secretary General: "Fundamental Innovation in the Capital Market... Supporting Productive Finance"

Congratulatory Address from the Financial Services Commission

Good afternoon. I am Shin Jinchang, Secretary General of the Financial Services Commission. It is truly meaningful for me to attend the '2025 Asia Capital Investment Awards.'

I would like to express my gratitude to CEO Jang Beomsik of The Asia Business Daily for organizing today’s event with such interest and affection for the development of the capital market, to Vice President Min Kyungwook of the Korea Exchange and Executive Director Lee Changhwa of the Korea Financial Investment Association for honoring us with their presence despite their busy schedules, and to Chairman Jeon Jingyu and all the judges for their dedicated efforts to ensure a fair evaluation. Above all, I extend my heartfelt congratulations to all the award recipients who are being honored today.

Shin Jinchang, Secretary General of the Financial Services Commission, is giving a congratulatory speech at the '2025 Asia Capital Investment Awards' held at Lotte Hotel in Jung-gu, Seoul on the 4th. 2025.12.4 Photo by Kang Jinhyung

As you are well aware, our capital market is currently at a new turning point. The KOSPI has recorded the highest growth rate among the G20 countries so far this year. The expectations of investors and the public for the revitalization of the capital market are higher than ever. To meet these expectations and to create sustainable growth engines for our economy, it is necessary to foster the capital market as a core platform for economic growth.

In this regard, the government is promoting "innovation in the capital market" as a key national agenda and a core driver of economic growth. We will pursue fundamental innovation in the capital market, not just short-term stock market stimulus measures. Our policies for advancing the capital market are being steadily implemented around three main pillars: establishing a fair and transparent market order, spreading corporate management centered on shareholder value, and expanding the demand base and virtuous cycle of capital in the stock market.

To restore trust in the market, we are responding strictly to unfair trading practices and establishing a fair and transparent market order through measures such as the regulation of short selling and the management of investment advisory services. To better protect shareholders’ interests, we are supporting the implementation of the revised Commercial Act, which specifies the duty of loyalty to shareholders. In addition, we are continuously improving systems related to mergers and spin-offs, encouraging the expansion of treasury share cancellations, and promoting a corporate management culture focused on shareholder value.

Furthermore, to ensure that companies can smoothly raise the funds they need for growth in the capital market, we are expanding the demand base by introducing new investment vehicles such as Business Development Companies (BDCs) and Security Token Offerings (STOs), increasing the supply of venture capital from large investment banks, and rationalizing procedures for foreign investors. All of these policy efforts are part of our commitment to 'productive finance.'

We will work to channel funds into more productive areas so that our financial sector can actively contribute to national economic development. In this process, I hope that companies will engage more proactively with the market, respect and rediscover shareholder value, and that the financial investment industry will play a significant role in this endeavor.

Your efforts and passion at the forefront are the most important factors in the development of the capital market. The government will also do its utmost to ensure that the capital market and the financial investment industry can advance further. Once again, I would like to congratulate all the financial institutions and related parties who are being recognized today. Thank you.

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