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Finance
Higher bar for \'split listings\' to reshape subsidiary IPO landscape
A reform plan on duplicate listings by the Financial Services Commission and Korea Exchange takes effect from Aug. 3, raising hurdles for listing unlisted subsidiaries controlled by listed firms. Spun-off subsidiaries must obtain shareholder approval, while acquired or newly established units face tougher reviews without consent. The plan limits duplicate listings in principle, allowing exceptions only with shareholder protection measures and confirmed subsidiary independence, and imposes five duties on parent boards, along with special committee review requirements.
AI & Enterprise
Samsung SDS pushes outsourced data centre build and operations business as new growth engine
Samsung SDS held its 41st annual general meeting on Tuesday at its campus in Jamsil. Shareholders approved items including financial statements, partial changes to the articles of incorporation, appointments of inside and outside directors, appointments of audit committee members and the directors’ remuneration cap. Chief Executive Lee Jun-hee said 2025 revenue totalled 13.93 trillion won and operating profit 957.1 billion won, with cloud accounting for over 41 percent of IT services revenue.
Industry
Samsung Electronics vice chairman vows to lead AI transition to reach 1,000 trillion won market value
Samsung Electronics held its 57th annual general meeting of shareholders on Tuesday in Suwon and unveiled its 2026 AI business direction. Vice Chairman Jun Young-hyun, who chaired the meeting, said the company posted record annual revenue of 333.6 trillion won last year and its market value topped 1,000 trillion won. He said Samsung will continue investment and R&D spending and plans regular and additional dividends for 2025.
