KOSPI tops 7,500 as duplicate-listing rules move into focus before 8,000

The KOSPI climbed above 7,500 during trading and renewed its all-time high, while South Korea’s financial authorities brought up duplicate-listing regulation to improve the market’s structure. With attention turning to whether the index can approach 8,000, regulators are focusing on market trust and corporate governance. Duplicate listing, in which a parent company and subsidiary are both listed, has been cited as an issue that can raise concerns over ordinary shareholder rights. As the stock market rises quickly, discussions on institutional improvements are expected to gain speed. Source: yna.co.kr