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Regulator seeks to ban 'split listing,' create 2-tier Kosdaq market
South Korea's financial regulator said Wednesday that it will move to ban "split listing" by conglomerates here, which have long been blamed for hurting shareholder value, and create a two-tier system for the tech-laden Kosdaq market. The Financial Services Commission (FSC) said it would seek to ban duplicate listing, which occurs when a core business division is spun off and listed separately, a practice that has been frequently favored by large business groups here and cited as one of the majo
18 Mar, 11:30 — 18 Mar, 11:30