KOFIA to host int’l seminar on capital market value-up next week

SEOUL, The Korea Financial Investment Association (KOFIA) announced Tuesday it will host an international seminar next week to seek ways to develop the country's financial market amid government-led efforts to enhance the value of local businesses. The capital market value-up seminar will be held next Tuesday in Seoul, with some 200 government officials and business leaders expected to take part, according to the KOFIA. "Long-term, tireless efforts are most important for capital market value-up, and so we hope discussions at the upcoming seminar will contribute to upgrading our country's capital market," KOFIA Chairman Seo Yoo-seok was quoted as saying. The one-day event will begin with a keynote speech from Yoshio Horimoto, vice commissioner of Japan's Financial Services Agency, who will offer insights on key elements and progress of Japan's "Better-Market-Initiative," aimed at enhancing the competitiveness of the Japanese financial market. A senior partner from global consulting firm McKinsey and Compa ny will then provide a presentation on ways to improve South Korea's capital market, followed by a discussion session. The seminar comes after Seoul launched a "Corporate Value-up" program that seeks to boost the worth of local businesses whose shares are currently valued at lower than their fundamentals, ending the so-called Korea discount. Source: Yonhap News Agency