South Korea market watchdog urges companies to listen carefully to shareholders

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SEOUL: South Korea's financial watchdog chief said on Thursday (Apr 18) companies should pay more attention to shareholder voices, as the government seeks to boost the domestic stock market by bringing in reforms to encourage higher shareholder returns.

A currency dealer works in front of electronic boards showing the Korea Composite Stock Price Index and the exchange rate between the US dollar and South Korean won, in Seoul, South Korea, on Mar 23, 2020. SEOUL: South Korea's financial watchdog chief said on Thursday companies should pay more attention to shareholder voices, as the government seeks to boost the domestic stock market by bringing in reforms to encourage higher shareholder returns.

"I ask companies to actively share with shareholders as they continue to make efforts to improve shareholder value and build a sound governance structure," Lee said in a meeting with activist funds, representatives of listed companies and market experts. South Korea, which unveiled in February a corporate reform plan to boost the value of listed companies, is due to announce next month detailed guidelines of the programme.

 

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