South Korea plans to strengthen corporate reform efforts, aiming to boost shareholder returns and stock value after initial proposals were seen as lacking, prompting a push for stronger measures.
The "Corporate Value-up Programme" was introduced in February with the aim of addressing the issue of listed South Korean companies having lower valuations compared to their international counterparts, attributed to factors like inadequate dividend payouts and the prevalence of non-transparent conglomerates known as chaebols.
However, concerns linger over its effectiveness without mandatory obligations or tax incentives. Regulators are accelerating reforms, considering additional measures such as tax benefits. The National Pension Service (NPS) also supports the government's plan and will decide on investments once details are clear.
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