Japan Cuts Duplicate Listings as Focus Shifts to Minority Shareholder Protection

Japan has seen a 31% decline over seven years in subsidiaries listed on the market while their parent companies are also listed. In the debate over duplicate listings, Japan’s approach is drawing attention for emphasizing stronger minority shareholder protection rather than a blanket ban. The exchange is set to finalize detailed rules next month and implement them in July. In Korea, financial authorities and the Korea Exchange are accelerating review standards under a policy of banning duplicate listings in principle while allowing exceptions. Japan’s case highlights the need to consider both listed-structure reduction and investor protection. Source: mk.co.kr