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Tighter rules on spin-off listings as new review standards for duplicate listings take effect Aug 3

Subsidiaries created through a physical split must obtain parent-company shareholder approval to seek a duplicate listing on South Korea\'s stock market. Other subsidiaries will be presumed to meet shareholder-protection requirements if they secure approval, but will face stricter case-by-case reviews by the Korea Exchange if they do not. The Financial Services Commission approved amended listing and disclosure rules and new guidelines, which take effect on Aug. 3.