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Korea's market watchdog urges companies to listen to shareholders seriously

The Financial Supervisory Commission of Korea (FSC) said Thursday that companies should pay more attention to the voices of shareholders as the government seeks to boost the domestic stock market through reforms to encourage higher shareholder returns. "I ask companies to seriously listen to the voices of shareholders and actively communicate with them to understand their legitimate demands," said Lee Bok-hyun, director of the Financial Supervisory Commission. "I ask that companies actively share with their shareholders as they continue their efforts to enhance shareholder value and establish a sound governance structure," Mr. Li said at a meeting with activist funds, representatives of listed companies and market experts.

Asian Stocks Under Pressure, Chipmakers Concerned: Market Roundup

(Bloomberg) -- Asian stocks opened under pressure after U.S. stocks extended their longest losing streak since January. Bloomberg's top readsDubai Stalled as Cloudy Rainfall Worsens FloodingTesla Again Asks Investors to Approve Mas Resonance's $56 Billion SalaryRed Lobster Considers Bankruptcy to Address Lease and Labor CostsBanker Charged Millions in Breakup Fee for Giving Up New JobChina Says Carburetor Deal with Iran Will Continue After Israel AttackStock Index Futures Scam

Korea's Finance Minister vows to take measures to stabilize market volatility if necessary

South Korea's finance minister stepped up his warning on Monday after the won extended its decline against the dollar to its lowest in a year and a half, saying the government was ready to take action against any renewed volatility in the currency market. "We will act swiftly according to our contingency plan and will do whatever is necessary to deal with any excessive volatility in the foreign exchange and other financial markets," Choi Sang-mok said at an urgently convened policy meeting to discuss escalating tensions in the Middle East. He also said the government would extend the fuel excise tax cut for two months until the end of June in an effort to curb inflation amid escalating global geopolitical risks.
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