Politics · South Korea · 33 mins ago

Lee Leads Talks on Reforms to South Korea’s Capital Markets

Lee Leads Talks on Reforms to South Korea’s Capital Markets

President Lee Jae-myung is leading talks on South Korea’s capital markets in Seoul on Nov.

13.

Around 50 people from finance, business, government, parliament and research are taking part.

The meeting is focused on improving trust and strengthening the market, as the government seeks views from investors and experts.

Speakers are raising concerns including weak company valuations, reduced confidence in the KOSDAQ market and a lack of long-term institutional investment.

Participants are discussing possible changes such as rules for company takeovers, stricter removal of companies from stock markets and dividing the KOSDAQ into sections.

The government says it will use feedback to shape policy and continue reforms as financial markets face uncertainty from global economic and geopolitical risks.

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South Korean governmentGovernment statement
We will closely monitor market conditions with the highest level of vigilance and steadily pursue policies for fundamental improvements to the capital market so it can withstand crises.
via Yonhap