政府 Archives

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.

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.

If Trump wins, he plans to free Wall Street from 'heavy supervision'

Donald Trump's second term in the White House would seek to sharply reduce the power of the U.S. financial regulator, according to a review of publicly available documents and interviews with former Armsmaster allies. Based on interviews and proposals from groups working to influence the new conservative administration, Donald Trump is likely to renew his efforts to scale back those reforms if elected, reducing protections for small investors and borrowers and allowing companies to raise capital with less scrutiny. Reuters interviewed about a dozen people who have advised or consulted with Trump or his allies.