Alexander Treves, managing director at JPMorgan Asset Management, stated that South Korea's capital market needs to transition from a "nice-to-have" option to a "must-have" destination for global investors. He emphasized that faster progress on corporate governance and shareholder returns is crucial to narrow the "Korea discount." Treves warned that if Korea fails to continue improving, particularly in corporate governance, it risks remaining merely a "nice-to-have" investment destination.