Global IB "Corporate Value-Up Program Positive, Policy Commitment Must Continue"

Kim Byunghwan, First Vice Minister of the Ministry of Economy and Finance, is speaking about policy directions to revitalize the local economy at the '2024 Metropolitan and Provincial Economic Council' held on the 25th at the Government Seoul Office in Jongno-gu, Seoul. Photo by Jo Yongjun jun21@

원본보기 아이콘

Kim Byung-hwan, First Vice Minister of the Ministry of Economy and Finance, announced on the 28th that he held a meeting with market participants including global investment banks (IBs) and investment institutions from Singapore and Hong Kong regarding the 'Corporate Value-Up Support Plan.'

The attendees agreed with the purpose of the Value-Up Support Plan and evaluated it positively, emphasizing the importance of the government's consistent and sustained active policy will and efforts.

They added that in order to fundamentally change the perception of global investors that has continued for a long time, such policies should not be one-off events but should be continuously maintained to demonstrate the government's strong will to the international community.

Furthermore, they mentioned that the effectiveness of the policy should be enhanced by reflecting the evaluations of companies and investors who actually participate in the market during the policy concretization and implementation process, and requested that opportunities for communication between the government and market participants be expanded.

Vice Minister Kim emphasized that the Value-Up Support Plan will be developed step-by-step through sufficient communication with market participants such as companies and investors.

Vice Minister Kim stated, "This Value-Up Support Plan is not a one-time or short-term task but part of a continuous and mid-to-long-term effort to improve the Korea discount," and added, "We will continue to gather market opinions through various opportunities in the future."

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.