South Korea announces "Corporate Value-up Programme" to boost shareholder returns and address "Korea discount" on stock prices.

South Korea has announced a reform plan to boost shareholder returns and address the "Korea discount" on stock prices. The "Corporate Value-up Programme" encourages companies to return more capital to shareholders and improve governance. Under the programme, companies will be given incentives and tax benefits for management practices prioritizing shareholder returns. The guidelines for the program will be finalized in June, and a "Korea Value-up Index" will be introduced in Q3, similar to Japan's JPX Prime 150 Index, to be used by institutional investors as a benchmark.