The Korea Exchange (KRX) said on the 4th that corporations that disclosed plans to boost corporate value have topped 170. As the "Korea Value-up Index" has been on a tear, related exchange-traded funds (ETF) have surpassed 1 trillion won in net worth.
According to the "Monthly corporate value enhancement status" released that day by the Korea Exchange (KRX), as of the end of last month, 170 corporations had disclosed plans to enhance corporate value. Of these, 129 are KOSPI-listed and 41 are KOSDAQ-listed. The market capitalization of these corporations accounts for 44.7% of the entire market.
On Nov. 11, the corporations that newly disclosed corporate value enhancement plans were Saltware, i-SENS (preliminary disclosure), and Sebang Global Battery, totaling three. During the same period, 20, including Meritz Financial Group, KT, and LG, submitted periodic disclosures.
A periodic disclosure refers to a disclosure submitted after the initial disclosure by a corporation that had previously submitted a disclosure, including an implementation assessment of the prior disclosure.
Meanwhile, the value-up index climbed to 1,758.31 points on the 3rd of last month, marking a record high since its launch on Sept. 30 last year. During this period, the value-up index rose 77.2%, outpacing the KOSPI's gain (62.8%) over the same span.
Among them, as of the end of last month, the aggregates of net worth for the 13 value-up ETF issues stood at 1.1 trillion won, up 126.6% from 496.1 billion won at the time of their initial setup on Nov. 4 last year.
The share of foreign trading value in the 13 value-up ETFs also surged from 7.8% at launch to 24.8% last month.