-- South Korea’s regulators issued guidelines on how companies can increase shareholder returns and improve corporate governance, taking another step toward boosting depressed valuations in the nation’s $1.8 trillion stock market.The Ozempic Effect: How a Weight Loss Wonder Drug Gobbled Up an Entire Economy
The voluntary program is a key plank of the nation’s efforts to fix the so-called “Korea Discount” that’s resulted from local companies trading at a much lower valuation than overseas peers for years. At the heart of the issue is the prevalence of family-controlled businesses, or chaebols, that can wield outsized power through complex cross-shareholdings, thereby sidelining minority shareholders.
“The guidelines are not the end but the beginning of the Corporate Value-up,” said Kim Soyoung, vice chairman at the FSC. He urged listed companies to “actively participate” in establishing and executing the program.
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