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SEOUL--South Korea hopes to mirror Japan's efforts to boost the value of its companies as the neighbor's stock market surges to a record high, with measures Seoul hopes will narrow a
Reforms floated last month by South Korean President Yoon Suk-yeol may not continue to boost the Seoul bourse, analysts say.
Jeong Eun-bo, the new CEO of the Korea Exchange (KRX) said Thursday, that he will offer tailor-made services for firms listed on the three KRX-operated bourses — the KOSPI, the Kosdaq and KONEX — in line with the government’s efforts to boost undervalued stocks.
The government's plan to adopt the Corporate Value-up Program, announced on Jan. 24 to bolster the stagnating stock market, is drawing contrasting reactions from foreign investors and domestic retail investors. While foreign investors are amassing shares, retail investors are shifting their investments abroad after obtaining profits from the domestic market.
Jeong Eun-bo, the incoming chief of the country’s sole bourse operator Korea Exchange (KRX), is drawing attention for his decades of financial expertise on the government’s path to boost the prices of undervalued stocks.