Watchdog chief urges securities firms to shore up shareholder value

The chief of Korea's financial watchdog, Lee Chan-jin, has urged securities firms to improve shareholder value and enhance risk management in light of rising interest rates. During a meeting with heads of 28 securities firms, Lee noted that local brokerage firms have amassed record profits due to the stock market's bull run. He emphasized that these firms, which have profited from the capital market's growth, should take a more active role in driving market reform and boosting shareholder value.

Furthermore, Lee called for better management of loans given to investors to mitigate market volatility and prepare for the impact of rising interest rates.

Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.