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Biz News Korea(Eng)

S. Korea toughens rules on analysts’ report on stock price movement

Collected: 2017.01.03

Distributed: 2017.01.04

Source: Go Direct

Investors would be able to check history of stock price targets by securities analysts under stricter regulations from South Korea financial authorities designed to rein in heedless stock analysis and forecast practices.

The Financial Supervisory Service announced Monday that it together with Korea Financial Investment Association, Korea Listed Companies Association, and Kosdaq Listed Companies Association drew up a set of new guidelines to improve the way equity price researches are done and drawn up by brokerage houses.

From March, stock analysts in their research paper must specify price target for a certain stock for the last two years instead of presenting the gap between their target and real prices ambiguously in table or graph.

If a large brokerage house changes a certain target price by more than 10 percent, it would come under scrutiny. The firm or analyst would have to explain the accuracy of the data and their reasoning for any sharp adjustment to its price target.

By Bae Mi-jung

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