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SEOUL (Reuters) -- South Korea's financial regulator on Thursday proposed detailed guidelines for companies if they choose to participa

Market watchers and investors have expressed disappointment over the guidelines for the government's Corporate Value-up Program announced, Thursday, taking issue with what they perceive as a lack of specific details regarding tax incentives for participating companies.

Investors are amassing funds to jump into the local stock market ahead of the government's unveiling of the much-anticipated Corporate Value-up program, which is designed to tackle the decades-long Korea discount, according to the Korea Financial Investment Association, Sunday.

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.