李在明誓言推动韩股回报翻倍！全球资管巨头纷纷加仓

Core Viewpoint - Investors are increasingly optimistic about the South Korean stock market due to the new president's "shareholder-friendly" policies, which are expected to enhance returns significantly [1][4]. Group 1: Market Sentiment and Foreign Investment - Major global asset management firms, including Aberdeen Investments, Pictet Wealth Management, and Franklin Templeton, have recently increased their holdings in South Korean stocks or upgraded their outlook for the Korean market [1]. - On the first day of Lee Jae-myung's presidency, foreign capital returned to the South Korean stock market, pushing the KOSPI index into a bull market, indicating investor confidence in the new administration's ability to enhance shareholder returns [4]. Group 2: Corporate Governance Reforms - Lee Jae-myung's administration aims to strengthen corporate governance and improve market returns, with a focus on amending commercial laws to enhance the responsibilities of boards towards shareholders [4][6]. - The proposed reforms include improving the nomination process for audit committee members and implementing electronic voting systems, targeting the chaebols and their founding families who have significant influence over the economy and corporate management [6]. Group 3: Shareholder Activism and Corporate Value Enhancement - There has been a sevenfold increase in shareholder activism targeting South Korean companies from 2020 to 2024, reflecting growing investor dissatisfaction with the disconnect between corporate profits and returns to minority shareholders [6]. - The government is expected to deepen the "Corporate Value-up" initiative, which encourages companies to adopt measures to enhance shareholder returns, similar to Japan's "pointing out" mechanism [6]. Group 4: Positive Market Indicators - The total dividend payout of companies in the KOSPI index is projected to increase by 12% year-on-year in 2024, reaching 44 trillion KRW (approximately 32.4 billion USD), while stock buybacks are expected to double to 18.7 trillion KRW [6].