Page 5 - Corporate Value Up Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Bloomberg) -- South Korean companies that have not seen growth in a long time risk being dropped from the stock exchange, the nation’s financial watchdog said. Shares rallied. Most Read from BloombergApple to Wind Down Electric Car Effort After Decadelong OdysseyHow Much Wealth You Need to Join the Richest 1% Around the WorldOffice Tower Deal for $1 Reveals Anxiety Among Longtime BuyersA Spike in Heart Disease Deaths Since Covid Is Puzzling ScientistsApple's Scrapped Car Project Means AI and He

A revision of tax policies scheduled for the latter half of the year is expected to come into greater focus, prompted largely by the disappointing announcement of the Corporate Value-up Program, market watchers said Tuesday.

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.