SEOUL, Jan. 13 (Yonhap) -- The number of false disclosures of corporate information on the tech-savvy KOSDAQ market surged more than 40 percent last year, the bourse operator said Sunday.
False filings, including nonfulfillments, totaled 101 last year on the secondary stock market, up 42.3 percent from a year earlier, according to the Korea Exchange (KRX).
On the benchmark KOSPI board, false filings remained unchanged from the year before at 11 in 2018.
The KRX said the sharp increase on the KOSDAQ market was led by a rise in the number of newly listed firms and the sluggish stock market last year.
For the whole of 2018, a combined 15,059 filings were posted on the KOSPI, up 3.9 percent on-year, with an average 19.1 per company.
Companies on the KOSDAQ market made 20,918 disclosures of corporate information last year, up 6.9 percent from a year earlier. A KOSDAQ-listed firm disclosed an average 15.8 posts last year, according to the KRX.
Samsung BioLogics case to affect market, delisting unlikely: experts
October rout worst setback for S. Korean bourse in decade
Deregulation brightens prospects for Internet-only banks
Fat-finger fiasco penalty to have long-term impacts on Samsung Securities: experts
(News Focus) All eyes on Samsung's stock split, impact on share value