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Ahn Do-geol of the Democratic Party plans to introduce an amendment to the Financial Investment Services and Capital Markets Act on the 9th, defining dual-listing exceptions as subsidiaries with revenue below 25% of the parent and executive cross-appointment below one-third, while requiring parent-shareholder approval and priority IPO allocation for every subsidiary listing. The measure targets the governance discount that has weighed on Korean holding companies and large conglomerate parents, and clearer minority-shareholder protection is a re-rating channel for KOSPI value names even as it raises the execution bar for the subsidiary IPO pipeline. Watch whether the bill clears the National Policy Committee and what transition rules apply to listings already in preparation, since delayed or diluted passage would remove most of the governance premium priced into parent stocks.
As a Policy signal, watch whether it changes price action, volatility, or flows around KOSPI.
Original Source: 토큰포스트
This page is market information analysis, not investment advice.
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