Kim So-young, the vice chairperson of the Financial Services Commission, emphasized the importance of capital market development policy until the moment she stepped down on the 16th after completing her three-year term.
The Financial Services Commission noted that Vice Chairperson Kim attended the 'Capital Market Activation and Financial Stability Seminar' on the 13th and the 'Korean Management Association Spring Academic Conference' held on the 15th, sharing the government's achievements in promoting the capital market development policy and gathering opinions on future directions.
Vice Chairperson Kim said, 'As of May 14, after implementing the corporations value-up program, 152 corporations (about 50% of the KOSPI market capitalization) have participated in the value-up disclosure, and the participating corporations' stock price increase rate is more than about 10 percentage points compared to the market average.'
He added, 'There is an increasing national interest in financial assets and the scale of ownership is growing, and efforts for shareholder returns from corporations are also expanding, showing a change in perception among the public and listed corporations.'
Vice Chairperson Kim stated that due to the nature of the capital market development policy, it is difficult to see results in a short period of time, and that it is necessary to make steady efforts with a long-term perspective. He explained, 'We plan to steadily promote strengthening the protection of general shareholders, expanding and solidifying the value-up program, fostering innovation in the capital market, expanding infrastructure, and enhancing responses to unfair transactions.'
Vice Chairperson Kim is recognized as one of the leading experts in macroeconomics and financial policy in the country. She is expected to be recorded as the first vice chairperson to serve her full three-year term at the Financial Services Commission. The retirement ceremony will be held on the upcoming 16th.