• SK FSS held an investment briefing in Hong Kong along with local governments and the financial sector, in order to explain the advancement of the Korean capital market.
• Follows SK FSC May 2024 issued plan for alternative trading system.

Briefing Highlights

• SK FSS Governor Lee Bok-hyun said that SK GVT would promptly finalize a bill for improving corporate governance to establish a shareholder-friendly corporate culture.
• SK GVT will continue to improve the effectiveness of the stewardship code guidelines, strengthen disclosures of mergers and the standards for external assessments on merger prices, enhance the procedures for paying dividends at settlement of accounts.
• Address inconveniences for foreign investors in trading Korean government bonds.
• Require listed companies to conduct English disclosures by stages; implement eXtensible Business Reporting Language (XBRL)-based financial reporting system.
• Establish a sound and transparent equity market environment through the introduction of an alternative trading system (ATS) and a short selling computerized system.
• Review measures to provide incentives to strengthen companies' communication with investors and voluntary participation, while improving the listing system by shortening the delisting review process for marginal companies, in order to increase the vitality.
• Lastly, it will thoroughly manage recently increasing macroeconomic uncertainties.