Regulator seeks to ban 'split listing' from July

The country's financial regulator said Thursday that it will take necessary steps to ban "split listing" by conglomerates here from July at the earliest. Split listing, also referred to as duplicate listing, occurs when a core business division is spun off and listed separately and has long been cited as one of the major reasons behind the so-called Korea Discount, according to the Financial Services Commission. The regulator noted that the listing practice has long undermined shareholder value,

By The Korea Herald