Korea's Financial Services Commission is tightening IPO investment rules.
Hana Financial Group Chairman and CEO Ham Young-joo acquired 5,000 shares of the firm worth nearly 300 million won ($203,830) in a move to enhance shareholder returns under its corporate value-up plan.
The government is set to swiftly deploy additional market stabilization measures, including the injection of the second phase of value-up funds worth 300 billion won ($207 million) into the country's stock market.
Posco Holdings announced Monday that it would target up to 8 percent annual growth in sales over the next three years as part of its "value-up program" aimed at boosting corporate value.
The Korea Exchange announced that it has added five firms to the program designed to fight the chronic undervaluation of domestic stocks after earlier backlash against the original list.
Korea plans to inject 100 billion won ($70 million) into the local stock market by next week to stabilize conditions following the brief martial law declared by the president last week.
Major Korean financial firms, including Hana and Shinhan, presented their value-up initiatives in Hong Kong, aiming to attract foreign investment.
KT&G plans significant buybacks and dividends, targeting a 15 percent ROE by 2027.
Lotte Shopping, an affiliate of Korean retail giant Lotte Group, said Friday it is targeting to achieve 20 trillion won ($14.8 billion) in sales in 2030 through the "value-up" program.
At this juncture, the government must start a value-up of itself before encouraging companies to value up.
Korea JoongAng Daily Sitemap
