© Reuters. FILE PHOTO: South Korean President Yoon Suk Yeol speaks during an interview with KBS at the Presidential Office in Seoul, South Korea, February 4, 2024. The Presidential Office/Handout via REUTERS ATTENTION EDITORS – THIS IMAGE HAS BEEN SUPPLIED BY A
By Jihoon Lee and Cynthia Kim
SEOUL (Reuters) – South Korea hopes to mirror Japan’s efforts to boost the value of its companies as the neighbour’s stock market surges to a record high, with measures Seoul hopes will narrow a “Korea discount” on stock prices.
But while years of effort at pushing Japanese companies to be more responsive to shareholders have helped lift Tokyo shares above their 1989 “bubble”-era peak, the reforms floated last month by South Korean President Yoon Suk Yeol may not continue to boost the Seoul bourse, analysts say.
The benchmark index hit a more than 20-month high this week on optimism over the “Corporate Value-up Programme”, to be…
