London: The chief of South Korea's financial watchdog has highlighted a series of capital market reform measures in London to woo more foreign investors, his agency said Thursday.
According to Yonhap News Agency, in an investor relations (IR) meeting in London on Tuesday (local time), Lee Chan-jin, governor of the Financial Supervisory Service (FSS), stated that South Korea has been implementing a series of steps to upgrade the local capital market and boost corporate governance. These measures aim to help reduce the so-called Korea Discount.
Lee emphasized that the country is striving to emerge as a "premium market" by implementing these market reform measures, thereby attracting more foreign investors to the market.
A total of 22 global investment banks and asset managers attended the meeting, with South Korean financial companies, such as Shinhan Financial Group, joining the event, according to the FSS.
Separately, the FSS chief held a meeting with Sarah Pritchard, deputy executive chief of Britain's Financial Conduct Authority (FCA), and other ranking officials from London's financial watchdog agencies.