South Korea's Financial Services Commission Releases Dual Listing Guidelines; Hyundai Motor-Boston Dynamics Scenario Addressed on July 6

On July 6, South Korea's Financial Services Commission released new guidelines on dual listings, establishing detailed criteria for when subsidiaries of South Korean-listed parent companies may list on overseas exchanges such as Nasdaq. According to the guidelines, a subsidiary may pursue a foreign listing if parent companies collectively hold less than 20% of its shares. The policy directly addresses scenarios involving major conglomerates, such as those involving automakers and their affiliated technology units. The new framework aims to balance capital market development with regulatory oversight of group structures.
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