Vice Chairman Kim Soyoung of the Financial Services Commission held a meeting with related organizations and industry groups on April 2 to discuss new incentive programs for the Corporate Value-up Program. The meeting was held with a focus on listed firms' accounting and dividend practices. For companies that already have excellent corporate governance structure in place that is able to effectively monitor and check management practices, the authorities will grant an exemption from the periodic external auditor designation requirement. In addition, the companies that have been awarded for their outstanding value-up efforts will be able to receive a mitigation in penalties resulting from an audit review.