Hanwha Life, Hyundai Steel, Lotte Shopping among 151 firms flagged for persistently low valuations

The Korea Exchange has publicly flagged 151 companies, including Hanwha Life, Hyundai Steel, and Lotte Shopping, for persistently low valuations. This move aims to push listed firms to improve their corporate value by highlighting companies that have consistently traded at low price-to-book ratios. The initiative targets companies that have failed to return capital to shareholders, which may be contributing to the so-called "Korea discount". This could lead to increased pressure on these companies to take steps to boost their valuations and potentially attract more investors.

Why it matters

The Korea Exchange has publicly flagged 151 companies for persistently low valuations, which could lead to decreased investor confidence. This may result in a decline in stock prices for these companies, affecting the overall Korean equity market.

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