The Korea Exchange (KRX) is set to hold a series of informational sessions aimed at enhancing corporate value for listed companies on the KOSPI and KOSDAQ. This initiative comes ahead of the first public announcement of low price-to-book ratio (PBR) companies in November, designed to assist listed firms in timely planning for value enhancement.
The KRX announced that it will conduct 'Value-Up Week' from November 11 to 18, featuring six sessions across the country, starting in Seoul and continuing in Daegu (November 14), Busan (November 15), Pangyo (November 16), Daejeon (November 17), and Gwangju (November 18). Approximately 600 representatives from KOSPI and KOSDAQ listed companies, including disclosure officers and responsible personnel, are expected to attend.
According to guidelines established the previous day regarding the selection of low PBR companies, the KRX plans to announce these companies for the first time on November 2. Companies in the securities market will be identified if their cumulative PBR over the last three years (six half-years) falls within the bottom 25% of their industry, while those in the KOSDAQ will be identified if they fall within the bottom 10%.
From November 14, listed companies will be able to check their historical PBR values through a new PBR inquiry service, allowing them to assess whether they qualify for the low PBR designation. If they disclose a value enhancement plan that includes PBR improvement by October 22, they will be exempt from the low PBR designation for one year.
The sessions will provide guidance on the necessary preparations for low PBR companies, including improvements to the designation system and disclosure writing methods. Various programs aimed at supporting corporate value enhancement will also be introduced.
Specifically, the KRX will explain key improvements related to corporate value enhancement programs, while the Boston Consulting Group (BCG) will present recommendations for enhancing the value of low PBR companies in Korea. Support programs for listed companies, including investor relations (IR) programs from the Korea IR Association and disclosure consulting from accounting firms, will also be highlighted.
Additionally, to enhance close support for companies and ensure compliance with disclosure requirements, small group roundtable discussions or one-on-one meetings with companies will be held after the sessions.
The KRX stated, "We will continue to actively support companies that fall under low PBR, high dividend, and special listing categories to understand the improvements in the system and prepare in advance."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.