Korea Speeds Up Dual Listing Rules as Japan’s Cases Fell 30% in Seven Years

Financial authorities and the Korea Exchange are accelerating work on review standards for dual listings under a policy of banning them in principle while allowing exceptions. They plan to complete rule revisions in the first half of this year and implement the system as early as July. The source points to Japan, where dual listings fell by 30% over seven years, as a key reference. The emphasis, however, is not on a blanket ban but on how to protect minority shareholders during dual listings. Once the new standards take effect, minority shareholder safeguards are expected to become a more important factor in listing reviews and governance assessments. Source: mk.co.kr