Korea Capital Market Institute

Asset Allocation-Focused Retirement Pension Funds: TDFs and TRFs [Research Fellow] Nam, Chaewoo / Aug. 06, 2024 The fundamental mechanism for revitalizing the retirement pension scheme is the enhancement of investment performance. While policy measures such as offering tax incentives or imposing legal mandates can address some issues, such as system integration or restrictions on early withdrawals, they often have limited effectiveness and may introduce unintended consequences. Ultimatel... Japan’s IPO Bookbuilding Process: Recent Improvements and Implications for Korea’s IPO Market [Senior Research Fellow] Lee, Seokhoon / Aug. 06, 2024 In recent years, the IPO market has been dominated by technology and biotech stocks and new large-cap growth stocks, rather than traditional manufacturing stocks. This shift has elevated the importance of future growth potential and the value of intangible assets in IPO valuation, thereby complicating the task for underwriters to set appropriate offer prices. In Korea’s IPO mar... Enhancing Accessibility to Korea’s Foreign Exchange Market: its Impact and Implications [Research Fellow] Kim, Hansoo / Jul. 23, 2024 Recently, accessibility to Korea’s foreign exchange market has significantly increased. Now, foreign financial institutions without branches in Korea can engage in FX transactions in the Seoul FX market, and non-residents investing in assets in Korea can execute FX transactions through their respective local banks. These measures to open up the FX market are expected to bring a... Private Equity-Backed Delisting: Drivers and Implications [Senior Research Fellow] Park, Yong Rin / Jul. 23, 2024 In recent years, there has been a significant increase in going-private deals in major stock markets globally. Similarly, Korea has recently witnessed going-private transactions led by private equity funds. Despite the various benefits of being publicly traded, a private equity-backed delisting is carried out to relieve the management burden from disclosure obligations, stock p... The Global Benchmark Rate Regime in the Post-LIBOR Era and its Implications for Korea [Senior Research Fellow] Baek, In Seok / Jul. 09, 2024 With the cessation of LIBOR calculation, benchmark rate reforms in major countries have been completed, marking the beginning of the post-LIBOR era. Depending on their circumstances, major economies are either using a combination of the existing benchmark, the inter-bank offered rate (IBOR), and the new benchmark, the risk-free reference rate (RFR), or they have entirely transi...