Kim So-young, vice chairman of the Financial Services Commission (FSC), speaks during a meeting at the government complex in Seoul, Feb. 19. Yonhap

Korea's financial regulator said Friday that it will continue to provide full support for a corporate value-up drive by offering tax incentives and other benefits.

In a conference organized by JP Morgan, Kim So-young, vice chairman of the Financial Services Commission (FSC), said the country has been pushing for the corporate value-up scheme launched in June 2024, as part of its efforts to advance the capital market.

"A total of 114 listed firms have joined the scheme," Kim said. "We will consistently push ahead with measures such as incentives."

Recently, the government came up with a revision bill, which includes provisions for corporate tax reductions for high-performing companies and a separate taxation scheme for dividend income earned by investors in such firms.

The bill aims to encourage listed companies to enhance their market valuation and improve the local stock market performance.

The regulator has been calling on the National Assembly to quickly pass the bill. (Yonhap)