President Yoon Suk Yeol emphasized on November 12 that ongoing institutional and policy efforts are essential for the development of capital markets to drive corporate growth and a significant leap in the national economy. He urged for a stronger push in fostering the KOSDAQ market and innovating the venture capital ecosystem.
During the 52nd Senior Secretary Meeting held at the Blue House, President Yoon stated, "We must not only consistently and swiftly implement reforms to enhance corporate value and expand shareholder returns but also establish diverse measures to promote long-term investments."
He assessed that while three amendments to the Commercial Act since the government's inception have improved transparency in corporate governance and established various protections for shareholder rights, much remains to be done. He stressed the need to tighten efforts to transform South Korea's capital markets into a trusted advanced market with global competitiveness.
Additionally, he highlighted the importance of enabling companies with innovative technologies and ideas to secure necessary capital smoothly as they grow, particularly through the development of the KOSDAQ market.
President Yoon described the capital market as a core foundation for the sustainable growth of the South Korean economy, stating, "The capital market should support corporate innovation and investment, driving the development of the national economy, which in turn strengthens the capital market in a virtuous cycle."
He acknowledged that the domestic market is significantly affected by recent external instability but noted that, considering the macroeconomic fundamentals and corporate competitiveness, the domestic capital market remains an attractive investment opportunity that is still undervalued.
President Yoon concluded by urging a focus on creating an environment where the capital market is properly valued, without being swayed by short-term fluctuations.
* This article has been translated by AI.
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