JPMorgan Asset Management's Treves Urges Faster Governance Reforms To Cut Korea Discount

According to The Korea Herald, Alexander Treves, managing director at JPMorgan Asset Management, said South Korea's capital market needs to move from a "nice-to-have" option to a "must-have" destination for global investors. He said faster progress on corporate governance and shareholder returns is needed to narrow the Korea discount, and warned that if Korea does not keep improving, especially on governance, it risks remaining only a "nice-to-have" investment destination for global investors.