Korea to tighten dual listing rules to protect investors

South Korea’s financial authorities plan to tighten rules on dual listings under a “ban in principle, exceptions allowed” approach, stepping up scrutiny to better protect investors. The Korea Exchange on Thursday unveiled new screening criteria, saying listings will be rejected if companies fail to meet any of three conditions: operational independence, management independence and investor protection. “The rule is a ban in principle, with exceptions allowed only under strict conditions,” Lim Heu

By The Korea Herald