The Korea Exchange noted that since the implementation of the corporate value enhancement (value-up) disclosure at the end of May last year, a total of 124 corporations, including 101 in the securities market and 23 in the KOSDAQ market, have announced value-up plans.
Excluding special purpose acquisition companies (SPACs), among the 850 corporations in the securities market and 1,694 corporations in the KOSDAQ, 116 corporations made principal disclosures and 8 corporations made advance disclosures. This accounts for 4.9% of all listed companies.
Specifically, there were 99 corporations (11.7%) in the securities market that made principal disclosures, while the KOSDAQ had 17 corporations (1.0%). For advance disclosures, there were 2 in the securities market (0.2%) and 6 in the KOSDAQ (0.4%).
Value-up disclosures are more often carried out by larger corporations in the securities market. The market capitalization share of value-up corporations is 45.3% for the KOSPI and 2.5% for the KOSDAQ.
To encourage listed companies to participate in value-up initiatives, the exchange is continuously holding education and explanation sessions for disclosure officials and those in charge.
In particular, to support the participation of small and medium-sized listed corporations in value-up disclosures, the exchange has broadened the scope and size of value-up consulting this year. The support criteria were increased from 300 billion won in the securities market and 150 billion won in the KOSDAQ to under 500 billion won, while the number of supported entities increased from 100 to 120.
A representative from the exchange said, "In May, we plan to publish a white paper including excellent case studies and key features of disclosures along with awards for excellent value-up companies to support more corporations in participating in value-up disclosures."