Governance

Ownership structures, holding company discounts, treasury shares, director duties, and Value-Up compliance. Corporate governance only, not ESG reporting.

Korea Listed Single-Stock Leverage ETFs, Then Restricted Them

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Card reading Listed in May, curbed in July, on what Korea changed after the single-stock leverage launch, from korea-stock-guide.com

Korea listed sixteen single-stock leverage funds and two notes on 27 May 2026, doubling the daily move in Samsung Electronics and SK hynix, and eight weeks later suspended new listings of the whole class. The Financial Services Commission had already published the risk: a 60 per cent loss in one session, and a worked example showing a doubled holder down 36 per cent where an ordinary holder is down 9. What changed between May and July was scale, with the class growing from 4.4 to 11.9 trillion won while the two stocks reached 52 per cent of the KOSPI. We set the 16 July package against the launch notice, and mark which figures behind it carry a named official source and which carry none.

Measuring the Korea Discount as It Narrows

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Card reading Cheaper in 2021, dearer in 2026, on what the Value-up evidence settles about the Korea discount, from korea-stock-guide.com

Companies that filed Value-up plans traded at 1.4 times book at the end of 2021, against 1.7 for companies that never filed. By the first quarter of 2026 the filers stood at 1.9 and the non-filers at 1.5, which is the wrong shape for a self-selection story. Returns to shareholders reached 92.4 trillion won in one year and the National Pension Service cut its offshore weighting for the first time in two decades. We set out what that evidence settles, and the market-wide re-rating it still does not.