The value-up index hit a record high last month. The value-up index increased 135% from the index's base date. In addition, the number of corporations that disclosed plans to enhance corporate value totaled a cumulative 177.
Korea Exchange (KRX) on the 4th released the Monthly corporate value enhancement status. According to the report, the value-up index came in at 2,330.71 points. That was up 134.9% from the index's base date. Over the same period, it outpaced the KOSPI index's 101.5% gain.
The 13 value-up exchange-traded funds (ETFs) had a total net worth of 1.7 trillion won. That was about a 255.3% increase from their initial setup amount of 496.1 billion won.
As of the end of last month, a total of 177 corporations had disclosed corporate value enhancement plans. They included 131 companies listed on the main board and 46 listed on KOSDAQ.
The corporations that newly disclosed corporate value enhancement plans last month were KAON Group, SungKwang Bend, Hanwha, Ubion, kt Millie Seojae, and STIC Investments, six in total. Two companies, Korea District Heating Corporation (KDHC) and Coway, submitted periodic disclosures.
Companies that made disclosures accounted for 45.3% of the total market capitalization, and among KOSPI disclosures, they made up 51.0% of the KOSPI's market capitalization.
Among the disclosing companies, large-cap listings with market capitalization of at least 1 trillion won accounted for a high 65.3%, while small-cap listings with market capitalization under 100 billion won accounted for a relatively low 5.7%.
Of the 176 corporations that submitted corporate value enhancement disclosures, 81 filed English disclosures, including 67 KOSPI-listed companies and 14 KOSDAQ-listed companies.