South Korea Touts Corporate Reform Plan to Wall Street
- FSS’s Lee addresses Wall Street to revive market optimism
- Korea to give details on short-selling ban before end of June
Lee Bokhyun, governor of the Financial Supervisory Service, right, celebrates the first day of trading of the year at the Korea Exchange in Seoul.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
South Korea’s top financial watchdog attempted to revive optimism over the nation’s corporate reform initiatives to investors in New York while soothing concerns over the short-selling ban.
Governor Lee Bokhyun of the Financial Supervisory Service reiterated the government’s commitment to boosting corporate value and shareholder returns in a speech last week to more than 200 investors and analysts including those from Morgan Stanley and JPMorgan Chase & Co.