58% Of Listed Firms Have No Securities Reports... Korea IR Service Vows To Use AI To Address Imbalances
A survey found that securities firms did not publish equity research reports on 6 out of 10 domestically listed companies last year. The Corporate Research Center of the Korea IR Service announced that it will fully introduce artificial intelligence (AI) research to address information imbalances for small and mid-cap stocks.
On the morning of the 11th, the KOSPI is shown on the status board of the dealing room at Hana Bank headquarters in Jung-gu, Seoul. Photo by Yonhap News
View original imageAccording to the Corporate Research Center of the Korea IR Service on the 11th, a total of 27,747 equity research reports were published last year, an increase of 2.4% from the previous year. However, 1,573 listed companies did not have a single report issued throughout the year, accounting for 58% of all companies listed on the Korea Exchange.
By market capitalization, KOSPI companies accounted for 76.8% of all reports, and companies with a market capitalization of 500 billion won or more accounted for 86.9%.
To alleviate information asymmetry, the Corporate Research Center of the Korea IR Service plans to significantly expand the publication of AI-based equity research reports. Specifically, in the second half of this year, it plans to lay the groundwork to cover all companies with a market capitalization of less than 500 billion won that are not covered by securities firms, by piloting the publication of Short Form reports.
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Hwang Woo-kyung, head of the Corporate Research Center, said, "The lack of information on small and mid-cap listed companies exacerbates information asymmetry in the capital market, hinders the formation of reasonable prices, and can negatively affect investor protection," adding, "By combining AI technology with professional staff, we will continue to expand our coverage so that not a single listed company is left in an information blind spot."
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