The Korea Exchange announced on the 19th that it hosted a meeting with listed companies in the securities market (KOSPI) chaired by Jeong Eun-bo, the chairman of the exchange.
The meeting was organized to share the progress of the value-up program, which marks its second year, and to hear the on-site opinions of listed companies that have implemented or are preparing relevant disclosures.
Attending the meeting were Nongshim, Korean Air, Meriz Financial Group, Samsung Electronics, Amorepacific Corporation, Chong Kun Dang, Korea Aerospace Industries, GS, and HD Hyundai Heavy Industries.
The listed companies attending the meeting responded that proactive participation by management, including the board of directors, in value-up disclosures positively affects communication with shareholders and enhances corporate credibility. They also mentioned they would do their best to achieve the goals presented in the value-up disclosures to enhance shareholder value, despite increased domestic and international economic uncertainties due to expanded global supply chain risks.
As a suggestion, they emphasized the need to expand incentives such as tax support for dividends and stock buybacks to foster more participation from listed companies.
Chairman Jeong Eun-bo said, "The value-up disclosures have begun since the end of May last year, providing an opportunity to resolve the discount on our capital market," and added that since the implementation of the value-up program, stock buybacks, cancellations, and cash dividends have increased, and discussions on improving corporate governance have become active, establishing a culture that respects shareholder value.