KRX launches Korea Value-up Index to feature 100 best practice firms

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KRX launches Korea Value-up Index to feature 100 best practice firms - Korea Economic Daily

Quick Summary:

According to the bourse operator, with a base value of 1,000, the Value-up Index is designed to address the “Korea discount” issue and help investors identify companies with high shareholder value indicators such as shareholder return rates and capital efficiency.“Despite the quantitative growth, the local stock market has been criticized for being undervalued because of the governance and shareholder return issues.

The Korea Value-up Index is composed of 100 listed “best practice” companies, including big-cap blue-chip companies such as Samsung Electronics Co., SK Hynix Inc., Hyundai Motor Co.and Kia Corp.as well as “new faces” such as BH Co.and Kyung Dong Navien Co.that comply with the government’s corporate value-up program.

Analysts said domestic companies’ dubious shareholder return policy, including the relatively low dividend ratio, is often cited as a Korea discount factor and a key reason for Asia’s fourth-largest economy's absence from MSCI's advanced market index.