Approximately 70% of South Korea’s KOSPI-listed companies have a PBR below 1x, with cases being reported in which share prices fall below book net assets. In addition, a bill incorporating mandatory disclosure of takeover proposals has been introduced.
Approximately 70% of South Korea’s KOSPI-listed companies have a PBR below 1x, and their share prices are said to be below book net asset value.
Many companies are reported to have continued trading below a PBR of 1x, indicating that share prices are below asset value.
It has also been reported that a bill mandating disclosure of takeover proposals has been introduced.