Vice Chairman Kim Soyoung of the Financial Services Commission presided over a meeting with institutional investors on the Corporate Value-up Program on March 14. At the beginning of the meeting, Vice Chairman Kim delivered opening remarks, highlighting the three main principles behind the government’s continuous push to end ‘Korea discount’—(a) establishing a fair and transparent market order, (b) making Korea’s capital market more accessible, and (c) promoting shareholder values in corporate management. In this regard, Vice Chairman Kim said that the Corporate Value-up Program is a part of the government’s consistent efforts to upgrade our capital market with a focus on encouraging listed companies to make voluntary steps to make improvements and increase valuations. At the meeting, officials held discussions on how the stewardship code for institutional investors will be updated to promote their role in the Corporate Value-up Program and developing a new Korea value-up index.