South Korea's financial watchdog urges companies to improve shareholder communication and governance to address the "Korea discount."
South Korea's financial watchdog chief, Lee Bok-hyun, requests companies to pay more attention to shareholder voices as the government aims to boost the domestic stock market. The government seeks to address the "Korea discount," which sees local firms having lower valuations than global peers due to factors such as low dividend payouts. The watchdog urges companies to actively communicate with shareholders and build a sound governance structure.
April 18, 2024
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