Korea Capital Market Institute

Asset Allocation-Focused Retirement Pension Funds: TDFs and TRFs [Research Fellow] Nam, Chaewoo 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 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...