Korea Capital Market Institute

The Rise of Marginal Firms and the Implications of Stricter Delisting Criteria [Research Fellow] Lee, Sang Ho The recent reform announced by financial authorities to tighten delisting requirements represents a meaningful step toward restoring market confidence while facilitating the timely exit of marginal firms. This initiative aims to enhance capital market integrity by reducing inefficiencies in the delisting system. Notably, restricting firms with non-clean audit opinions to a sing... Korean Won Internationalization: Assessing Benefits, Risks, and Implications [Senior Research Fellow] LEE, Seungho Since the opening of its capital markets, Korea has significantly enhanced its foreign exchange crisis response capabilities over the past 30 years, evolving into a capital-exporting country. However, its outdated regulatory framework continues to prevent the Korean won from functioning as an internationally convertible currency, limiting the country’s ability to fully capitali...