South Korea Warns of Delisting of Companies That Fail to Grow
- Value stocks like Samsung Life, Kia and Hyundai Motor rallied
- Nation’s value-up program earlier met with disappointment
Lee Bokhyun
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South Korean companies that have not seen growth in a long time risk being dropped from the stock exchange, the nation’s financial watchdog said. Shares rallied.
“There are companies that have been around for at least 10 years without growing,” Financial Supervisory Service Governor Lee Bokhyun said Wednesday. “We are considering various measures, including preparing specific criteria,” for possible delisting, he said.