Seoul: The chief of South Korea’s main bourse operator vowed Monday to strengthen monitoring of unfair trading and boost shareholder value. Jeong Eun-bo, the chairman of the Korea Exchange (KRX), made the remarks in an opening address of the Korea Capital Market Conference held in Seoul, noting the country’s stock market is at a critical crossroads to resolve its persistent undervaluation problem.

According to Yonhap News Agency, the two-day event, hosted by the KRX, brought together officials from local and global financial institutions, including Goldman Sachs and the Nasdaq. “South Korea’s capital market is at important crossroads in becoming an advanced market,” Jeong said, noting the recent stock market rally is a sign of investors reevaluating local stocks. “We will make our best efforts to create a market environment to continue this trend into a new normal of ‘Korea Premium,'” he added.

Jeong said the KRX will support the government’s value-up program by enabling communication between companies and investors. He also promised to crack down on unfair trading by advancing the KRX’s market monitoring capabilities through the joint response team launched in July with financial authorities aimed at rooting out stock price manipulation.

On a similar note, Jeong said the KRX will strengthen its de-listing criteria to increase transparency in the stock market.