Kim Byung-hwan "Value up speed...KOSPI's 43% Market cap disclosure to companies"

As a result of the government and financial authorities' speedy push for the value-up policy of our stock market, listed companies, which account for 43% of the KOSPI's market capitalization, made related disclosures.

Kim Byung-hwan, chairman of the Financial Services Commission, made the remarks today (26th) at a corporate value-up meeting attended by related organizations and major listed companies on the Korea Exchange.

Specifically, after announcing the corporate value-up disclosure guidelines in May, 99 listed companies, or 43% of the KOSPI's market capitalization, made value-up disclosures until the 24th.

In particular, it added that participation in value-up disclosures is increasing, with 27 companies making main disclosures this month alone.

Chairman of the states Affairs Commission Kim stressed that he will continue to pursue value-up policies consistently without wavering.

To this end, he said he would re-promote value-up tax support and improve the system, including the revision of the Capital Markets Act to improve corporate governance.

It will also strengthen efforts to restore market trust through preparations for the resumption of short selling and strict sanctions on unfair trade, and actively discuss with the National Assembly the expansion of ISA tax support, an individual comprehensive asset management account.