“Need to raise corporate value to create a cycle of investor returns”
“Provide various incentives to shareholder-friendly companies”
“Enact amended Capital Market Act… Significantly strengthen penalties for illegal short selling”,
▲ President Yoon Seok-youl speaks at a Cabinet meeting held at the Blue House in Yongsan, Seoul on the 15th. Yonhap News, ‘President Yoon Seok-youl stated on the 15th, “I hope that the ruling and opposition parties will come together to eliminate market instability and develop our capital market by abolishing the capital gains tax on financial investments.”‘,
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, ‘At the Cabinet meeting held at the Blue House on that day, President Yoon remarked, “I will definitely create a cycle where companies increase their value and investors enjoy greater opportunities for profits and asset formation.”‘,
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, ‘Regarding South Korea’s inclusion in the global government bond index, President Yoon evaluated, “By confidently listing our name on the global bond index worth $2.5 trillion, a new channel that will add breadth and depth to our capital market has opened.”‘,
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, ‘He continued, “This signifies that our government’s policies have been internationally recognized as heading in the right direction,” and added, “It is expected that about 75 trillion won of global investment funds will flow in with the inclusion in the global government bond index.”‘,
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, ‘President Yoon forecasted, “With a stable global demand for government bonds, as interest rates stabilize, the cost of government and corporate fund procurement will be reduced, foreign exchange liquidity supply will be smooth, and the value of the Korean won will stabilize.”‘,
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, ‘Regarding the improvement of the stock market’s short selling system, he stated, “The Capital Market Act amendment bill containing the short selling system improvement plan, passed the National Assembly on September 26 and will be promulgated after today’s Cabinet meeting,” adding, “When the law takes effect at the end of March next year, it will be possible to thoroughly inspect illegal short selling through the computer system.”‘,
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, ‘President Yoon mentioned, “The imbalance between individuals and institutions in the ’tilted playing field’ will be resolved, and there will be significant reinforcement of penalties and sanctions for illegal short selling and unfair trading,” and requested, “I hope that the relevant agencies will thoroughly prepare to ensure the swift establishment of the changed system and framework.”‘,
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, ‘He also stated, “We will further accelerate the ‘Corporate Value-Up’ policy to revitalize the capital market,” and added, “We will provide various incentives to shareholder-friendly companies, such as increasing dividends and retiring treasury stocks.”‘,
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, ‘Furthermore, he emphasized, “The inclusion in the global government bond index, elimination of illegal short selling, tax reforms, and corporate value enhancement will dispel the Korea discount, elevate the status of our capital market, and attract more investments,” and concluded, “We will do our best to ensure that the government’s continuous efforts lead to economic vitality, allowing more citizens to experience the benefits of livelihood.”‘,
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