Seo Yuseok, Chairman of the Korea Financial Investment Association, "Value-Up Program Will Trigger Resolution of Korea Discount"

Published 02 May.2024 20:28(KST)

Seo Yu-seok, Chairman of the Korea Financial Investment Association, expressed expectations on the 2nd, stating, "The government's corporate value-up program and companies' establishment and disclosure of corporate value enhancement plans will serve as a trigger to resolve the 'Korea Discount.'

The Financial Services Commission held the 2nd seminar on corporate value-up support measures at the Korea Exchange in Yeouido, Seoul, together with related organizations such as the Exchange and the Capital Market Research Institute, and unveiled the draft guidelines and explanatory booklet for corporate value enhancement plans.

The materials were divided into 'Guidelines,' which contain the principles and an overview of corporate value enhancement plans, and an 'Explanatory Booklet,' which includes detailed preparation methods, cases, and reference forms. The core of the guidelines is that listed companies directly evaluate their corporate value and voluntarily present development strategies to increase future value.

Chairman Seo stated regarding the 'Corporate Value Enhancement Plan Guidelines,' "For the successful establishment of the system, it is most important to steadily promote it with a long-term perspective and a sustained effort."

He added, "The Association and the financial investment industry will do their best to be helpful from the overall perspective of the capital market, including investors, the securities industry, and the asset management industry."