This undated file photo shows the office of the Korea Financial Investment Association in Seoul. (Image courtesy of Yonhap)
SEOUL, May 21 (Korea Bizwire) — The Korea Financial Investment Association (KOFIA) announced Tuesday it will host an international seminar next week to seek ways to develop the country’s financial market amid government-led efforts to enhance the value of local businesses.
The capital market value-up seminar will be held next Tuesday in Seoul, with some 200 government officials and business leaders expected to take part, according to the KOFIA.
“Long-term, tireless efforts are most important for capital market value-up, and so we hope discussions at the upcoming seminar will contribute to upgrading our country’s capital market,” KOFIA Chairman Seo Yoo-seok was quoted as saying.
The one-day event will begin with a keynote speech from Yoshio Horimoto, vice commissioner of Japan’s Financial Services Agency, who will offer insights on key elements and progress of Japan’s “Better-Market-Initiative,” aimed at enhancing the competitiveness of the Japanese financial market.
A senior partner from global consulting firm McKinsey & Company will then provide a presentation on ways to improve South Korea’s capital market, followed by a discussion session.
The seminar comes after Seoul launched a “Corporate Value-up” program that seeks to boost the worth of local businesses whose shares are currently valued at lower than their fundamentals, ending the so-called Korea discount.
(Yonhap)
