이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
Eight out 10 Kosdaq members pass over IR events last year
- Collected
- 2016.06.29
- Distributed
- 2016.06.30
- Source
- Go Direct
According to electronic disclosure records at the Financial Supervisory Service, 948 Kosdaq members did not hold a single IR event last year, or 82.3 percent of total members last year. Companies neglecting to keep up communication with shareholders rose 15 percent from 820 in 2011.
Large food producer Dongsuh Companies Inc., third largest on the Kosdaq in terms of market value planning to move to the main Korea Composite Stock Price Index (Kospi) bourse, has not held public IR once since it went public in 1996. Sixteen out of 100 biggest stocks on the Kosdaq including Emerson Pacific Inc., LEENO Industrial Inc., Korea Real Estate Investment Trust Co. and Interpark Holdings Corp. passed over any IR events from 2011 to 2015.
“We answer to the questions to analysts, fund managers, and institutional investors,” said an IR official of Dongsuh. “It is our company policy not to have a public IR event,” he added.
Companies opting not to hold IR events say they are not that productive considering the money and resources spent to prepare the presentations and conference calls.
Securities industry, however, point out it is a duty for a public traded company to keep shareholders informed and updated on corporate and industry news.
By Bae Mi-jung and Yoo Tae-yang
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]