Korea Issues Guidelines in Bid to Boost Corporate Valuations
- Announcement a step forward in bid to fix ‘Korea Discount’
- ‘Corporate Value-up Program’ helped lure foreign inflows
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South Korea’s regulators issued guidelines on how companies can increase shareholder returns and improve corporate governance, taking another step toward boosting depressed valuations in the nation’s $1.8 trillion stock market.
As part of the “Corporate Value-up Program” announced in February, listed firms can take steps such as setting mid-to-long term targets for return on equity as well as some non-financial indicators, the Financial Services Commission said in a statement on Thursday.