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Korea Exchange Unveils First Low-PBR List of 151 Firms
On November 1, the Korea Exchange publicly released the first-ever list of 151 companies with persistently low price-to-book ratios (PBR), including 96 KOSPI and 55 KOSDAQ firms. Notable names include Hanwha Life Insurance, Hyundai Steel, Lotte Shopping, E-Mart, and TK Chemical. Starting November 2, these companies will carry a 'low-PBR' tag in securities trading systems. The selection was based on firms ranking in the bottom 25% on KOSPI and bottom 10% on KOSDAQ over the past three years, with E-Mart at 0.15 and Lotte Shopping at 0.17, versus the market average of 1.8. The move aims to encourage corporate value enhancement, though analysts stress that implementation of plans is key.
