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Korea Exchange has publicly disclosed the first list of 151 companies with persistently low price-to-book ratios (PBR), including Hyundai Steel, Lotte Shopping, and Hanwha Life Insurance. The list includes 96 Kospi and 55 Kosdaq listed firms that have remained in the bottom 25% of the Kospi and bottom 10% of the Kosdaq for the past three years. Starting November 2, these companies will be tagged as 'low-PBR' in brokerage trading systems to encourage value improvements. The exchange plans to provide customized consulting support to these firms. The Korea Exchange stated that the disclosure aims to induce higher corporate value.