South Korea will for the first time in November disclose a list of listed companies whose price-to-book ratios have stayed near the bottom of their industries for three years. The Financial Services Commission and Korea Exchange set the threshold at the bottom 25 percent for KOSPI and the bottom 10 percent for KOSDAQ, based on semiannual calculations by industry. Firms can receive a one-year exemption if they disclose value-up plans including low-PBR improvements, with limits.

South Korea\'s Financial Supervisory Service special judicial police said it uncovered two cases of illegal trading using stock highlight articles and referred seven suspects to prosecutors for alleged capital markets law violations. The suspects are accused of buying shares before articles were published and selling shortly after publication to make illicit gains. Two suspects, including a certified public accountant alleged to have led a stock manipulation ring and a working reporter, were arrested on June 9.