South Korea to speed up reforms for boosting shareholder returns and tackling 'Korea discount'

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South Korea to speed up reforms for boosting shareholder returns and tackling 'Korea discount'
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The Financial Services Commission chairman Kim So-young said regulators will be speeding up the schedule for the earlier announced reforms.

The Financial Services Commission held a meeting on Thursday with domestic institutional investors, including the country's pension fund, where vice chairman Kim So-young said they will be speeding up the schedule for the reforms announced earlier.

"We will do our best to announce and implement before the previously planned schedule, as the market's expectations are high."issued after the meeting, the FSC said it aims to establish transparent markets, make capital market more accessible and push for shareholder returns to boost South Korea's undervalued stock markets.

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