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Korea Exchange unveils first 151 low-PBR firms list
On November 1, the Korea Exchange publicly flagged 151 companies with persistently low price-to-book ratios (PBR) for the first time, including 96 KOSPI and 55 KOSDAQ firms. The list features major names like E-Mart, Hyundai Steel, Lotte Shopping, Hanwha Life, and Lotte Chemical, selected based on PBR in the bottom 25% of the main board and bottom 10% of the KOSDAQ over the past three years. Starting November 2, these firms will carry a 'low PBR' tag in brokerage trading systems, part of the exchange's broader 'capital market improvement' plan to encourage value enhancement. Yonhap reports that securities analysts stress the importance of firms actually implementing their plans, not just being listed.
