FSC Vice Chairman Kim So-young held a media briefing on the progress and achievements of the government’s capital market reform agendas on August 17. Vice Chairman Kim said that the government has taken bold steps to resolve the problem of the so-called “Korea discount” by enhancing investor protections, removing outdated regulations and overhauling rules to foster innovation in the market. Despite the presence of difficult economic and financial conditions, there have been some favorable outcomes achieved thank to active cooperation between relevant institutions and industries. In the second half of 2023, Vice Chairman Kim said that the authorities will continue to maintain its policy priority on restoring investors’ trust, strengthening capital market’s function and ensuring financial stability while seamlessly implementing the measures already introduced.