Korea Exchange CEO pledges to turn market discount into premium

Clearing out: A file picture showing a trader monitoring the Kospi in Seoul. To boost the local stock market, the bourse operator will remove insolvent companies, also known as zombie companies, from the listing. — AP

SEOUL: The chief of Korea Exchange (KRX), the country’s sole bourse operator, has vowed to boost the market valuation of companies listed on the local stock market with a seamless backup of the country’s “corporate value-up” directive.

During a press conference commemorating his first 100 days in office, chief executive officer Jeong Eun-bo said the country’s stock market is in dire need of tackling its perennial discount to turn it into a premium.