Published 26 Mar.2025 11:31(KST)
Yoon Han-hong, Chairman of the National Assembly's Political Affairs Committee, held an on-site meeting with members of the People Power Party belonging to the Political Affairs Committee to discuss value-up of the capital market. He met with Seo Yoo-seok, Chairman of the Korea Financial Investment Association, Kim Geun-ik, Chairman of the Korea Exchange Market Surveillance Committee, and Kim Hak-su, CEO of NextTrade, to hear the voices of the industry.
At the on-site meeting held at the Korea Financial Investment Association on the morning of the 26th, Chairman Yoon said, "The amendment to the Commercial Act has passed, and we need to discuss what impact it will have on our capital market," adding, "Recently, there have been cases where large-scale paid-in capital increases shocked stock market investors, so having an open and honest discussion about such issues can be an opportunity to create good alternatives."
Chairman Yoon continued, "Value-up is a major challenge for our capital market," and added, "Short selling will resume from next week despite the fact that there have been no significant achievements yet." He emphasized, "It is necessary to listen to on-site voices to check if there are any additional issues related to the electronic systems or relevant regulations."
Kang Min-guk, the Political Affairs Committee secretary, and Representative Kim Jae-seop, who also attended the meeting, continued to speak. Secretary Kang said, "With the passage of the partial amendment to the Capital Market and Financial Investment Business Act, which I sponsored, an alternative trading system has been launched," adding, "I hope that through the alternative trading system, the value-up of the capital market will be further activated and that it will serve as an opportunity to enhance corporate value."
Representative Kim Jae-seop said, "As a member of the Pension Special Committee, while the reform of the National Pension is important, the value-up of the domestic stock market, which strengthens the pension, is inseparable from pension reform," adding, "Based on today's discussions, I will consider ways to revitalize the market and connect it to pension issues for future generations of Korea, striving to create a better Korea."
Seo Yoo-seok, Chairman of the Korea Financial Investment Association; Kim Geun-ik, Chairman of the Korea Exchange Market Surveillance Committee; Kim Hak-su, CEO of NextTrade; and representatives from major securities firms and asset management companies attended. Industry voices were delivered by Kim Mi-seop, CEO of Mirae Asset Securities; Lee Hong-gu, CEO of KB Securities; Kim Jong-min, CEO of Meritz Securities; Han Du-hee, CEO of Hanwha Investment & Securities; Kim Woo-seok, CEO of Samsung Asset Management; Lee Jun-yong, CEO of Mirae Asset Global Investments; Kim Young-sung, CEO of KB Asset Management; and Cho Jae-min, CEO of Shinhan Asset Management.
In his greeting, Chairman Seo Yoo-seok said, "Both short selling and value-up of the capital market are important topics for the advancement of our capital market," adding, "I hope today's discussions will serve as a valuable foundation for the development of the capital market."
Kim Geun-ik, Chairman of the Market Surveillance Committee, said, "The Korea Exchange has worked with regulatory authorities to improve the short selling system and build an electronic system," introducing, "Regarding the electronic system, a triple-layered surveillance network has been established among investors, financial investment companies, and the exchange." He continued, "It is linked with the investor's balance management system to automatically detect illegal short selling," explaining, "We aim to dispel concerns surrounding short selling and increase investor trust."
CEO Kim Hak-su said, "Although it is an unfamiliar trading environment, investors and the market are adapting quickly," adding, "We will repay this by providing a stable and trustworthy trading platform."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.