Korea Capital Market Institute

Optimism Bias in Analyst Research [Senior Research Fellow] Kim, Joon-Seok In Korea, the share of “Buy” in sell-side analysts’ recommendations has increased from 67% in the 2000s to 89% in the 2010s, and further to 93% in the 2020s. This upward trend suggests that optimism in analyst research has persisted and become more deeply entrenched over the past two decades, raising serious concerns about the objectivity and credibility of the information prov... The Importance of Promoting Non-Financial Disclosure of Intellectual Property for Corporate Value Enhancement [Research Fellow] Jung, Heechul The importance of intangible assets, including intellectual property (IP), in corporate value has grown significantly due to technological advancements and the increasing sophistication of industrial structures. However, traditional financial information is limited in adequately reflecting the value of companies’ intangible assets. This exacerbates information asymmetry, making...