The Korea Securities Depository said on Tuesday that 25 listed companies, including Young Poong Co., changed their shares’ par value last year, down 12 from the previous year.
By market, five companies on the Korea Exchange’s main board and 20 on the Kosdaq carried out par value changes, down two and 10, respectively. Par value changes include stock splits and reverse stock splits.
By type, 13 companies conducted stock splits, often aimed at improving trading liquidity, while 12 carried out reverse stock splits, often aimed at enhancing corporate image. Stock splits were more common on the main board (four companies), while reverse stock splits were more common on the Kosdaq (11 companies).
Among stock splits, the most common change was from 500 won to 100 won at four companies, followed by 1,000 won to 500 won at three and 5,000 won to 100 won at two. For reverse stock splits, 100 won to 500 won was most common at five companies, followed by 500 won to 1,000 won at two.
As of the end of last year, 500-won par value shares accounted for the largest share of the stock market: 50.2% on the main board and 75% on the Kosdaq. On the main board, 500 won (50.2%) was followed by 5,000 won (26.9%) and 1,000 won (13.6%). On the Kosdaq, 500 won was followed by 100 won (19.1%) and 1,000 won (2.2%).
The stock market includes shares with par values of 100 won, 200 won, 500 won, 1,000 won, 2,500 won and 5,000 won, as well as no-par-value shares.
* This article has been translated by AI.
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