© Archyde.com. Bok-Hyun Lee “Strict action for violations of equity disclosure aimed at unfair profits of corporate management rights”
Financial Supervisory Service President Lee Bok-hyeon. (Photo = Yonhap News) The Financial Supervisory Service Governor Lee Bok-hyun said that he will take strict measures once morest violations of equity disclosure so that corporate management rights are not exposed to unfair trade practices aimed at unfair profits.
Bok-hyeon Lee, head of the Financial Supervisory Service, said, “We will promote system improvement to enhance the fairness of the corporate management right market. “I will focus on my supervisory skills,” he said.
Director Lee warned, “Strict action will be taken once morest cases of violation of equity disclosure using multiple investment associations to bypass equity disclosure regulations.”
He said, “In order to provide sufficient information to stakeholders when reporting large-scale holdings for the purpose of affecting management, we have prepared a plan to describe in detail how to participate in management, etc., and we will implement it as soon as possible.”
He said, “Relevant systems are being improved so that the rights and interests of general shareholders are not infringed during the corporate restructuring process as well as the physical division. and ordered
President Bok-hyeon Lee promised to monitor corporate financing conditions jointly with related institutions and take additional necessary measures so that listed companies can focus on management with investor trust.
He said that he would review a plan to expand disclosure in English in stages to expand foreign investment, and that he would come up with a plan for disclosure of domestic environmental, social and governance (ESG) structures.
On the other hand, following meeting with reporters following the meeting, President Lee met with reporters and asked if there would be any additional fast-track cases such as the Edison EV alleged unfair trade case. “We are going to use every possible method to severely punish the market disruption and actions that have caused harm to minority shareholders due to the sharp drop in stock prices,” he said.
Reporter Eunji Cha, Hankyung.com [email protected]
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