South Korean stocks surged after regulators moved to curb “double listings” of
subsidiaries, a practice blamed for diluting shareholder value. The Kospi rose
up to 4.8%, while futures gains triggered a trading halt. Lee Eog-weon said
stricter screening will effectively ban such listings to protect investors. The
reform targets the “Korea discount” and forms part of Lee Jae Myung’s push to
improve governance and revive market momentum.
