41 Companies Listed with Face Value Changes Last Year... 5.1% Increase
[Asia Economy Reporter Oh Ju-yeon] The Korea Securities Depository announced on the 8th that the number of listed companies that changed their par value last year totaled 41, a 5.1% increase compared to 39 companies in 2018. Among them, 16 companies were listed on the KOSPI and 25 on the KOSDAQ, each increasing by one company compared to the previous year.
By type, 32 companies conducted stock splits to enhance stock trading liquidity, while 9 companies carried out reverse stock splits to improve corporate image.
In the case of stock splits, the most common was companies that split the par value per share from 500 won to 100 won, accounting for 13 companies (40.6%), followed by 11 companies (34.4%) that split from 5000 won to 500 won. Additionally, 5 companies split from 5000 won to 1000 won, 2 companies from 500 won to 200 won, and 1 company from 5000 won to 100 won.
For reverse stock splits, the most common was companies that merged from 100 won to 500 won, totaling 4 companies (44.5%), with one company each merging from 500 won to 5000 won, 500 won to 1000 won, and 200 won to 500 won.
The par value of 500 won was predominant, accounting for 47.6% in the KOSPI market and 80.4% in the KOSDAQ market.
As of the end of December 2019, six types of par values?100 won, 200 won, 500 won, 1000 won, 2500 won, 5000 won?and no-par value stocks were circulating in the securities market. The distribution of par values by market shows that in the KOSPI market, 500 won (47.6%), 5000 won (34.3%), and 1000 won (10.8%) were the most common, while in the KOSDAQ market, 500 won (80.4%), 100 won (13.8%), 1000 won (2.2%), no-par value stocks (1.4%), and 200 won (1.3%) were prevalent.
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The Depository stated, "From an investor's perspective, since stocks with various par values are circulating in the market, simple price comparisons are difficult, so careful attention is required when investing."
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