"PBR 1배 미만은 경영 실패"…밸류업 의무공시 논의 격화 [현장+]

South Korea's stock market faces a structural challenge with 63% of companies trading below book value (PBR <1x), signaling weak investor confidence in corporate capital efficiency and profitability. The government is debating mandatory value-enhancement disclosures for chronically undervalued firms, requiring them to explain undervaluation causes and present concrete improvement plans. This regulatory push, inspired by Japan's JPX reforms that reduced below-PBR companies from 50% to 27%, aims to align shareholder interests with governance practices and strengthen management accountability.