Korea Exchange Dual Listing Guidelines (Draft)
중복상장 가이드라인(안) — English Translation
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About this document
English translation of the Korea Exchange (KRX) Dual Listing Guidelines (Draft) published on July 6, 2026, setting out the detailed criteria for the "prohibition in principle, exceptional permission" framework for dual listings. Covers the scope of application; the five duties of the parent-company board grounded in directors' duty of loyalty to shareholders; the independent special committee requirement; step-by-step procedures and disclosure obligations; the strengthened special listing-review criteria (business independence, management independence, and investor protection); the shareholder-consent "3% rule"; and differentiated treatment of physically spun-off, general, and low-weight subsidiaries. Includes illustrative diagrams.
This translation is produced by H&S Partners, a licensed Korean law firm with deep expertise in Korean financial regulation, ensuring legal-grade accuracy and authoritative English rendering of technical regulatory language.