A report from last year showed that the number of corporations that did not issue securities firms' corporate analysis reports reached 60% of all listed companies. There have been evaluations that the concentration of reports has intensified mainly among listed companies on the stock market and large-cap stocks.
According to the Korea Investor Relations Association's corporate research center report on 'the issuance status of corporate analysis reports written by securities firms last year,' the total number of reports published last year was 27,099, marking an 8.8% increase compared to the previous year.
A total of 1,496 listed companies did not issue reports, accounting for 57.1% of 2,621 domestic listed companies. This represents a slight increase compared to the previous year (55.7%). By market, the percentage of reports issued by companies listed on the Korea Composite Stock Price Index was the highest at 74.6%, while Korea Securities Dealers Automated Quotations and Korea New Exchange corporations were recorded at 25.4% and 0.01%, respectively.
In terms of market capitalization, the proportion of reports for large companies with a market cap of over 500 billion won was the highest at 80%. For mid-sized companies with a market cap under 500 billion won and small companies with a market cap under 100 billion won, the figures were only 17.1% and 2.9%, respectively.
The Korea Investor Relations Association's corporate research center noted, 'To reduce information asymmetry and increase investors' interest in mid-sized and small companies, we issued 51 reports targeting companies listed on the Korea New Exchange,' adding, 'Starting this year, we will expand the distribution of reports that include the 'corporate value enhancement plan' content targeting small and medium-sized listed companies that have disclosed plans to enhance corporate value.'