[박종면칼럼] 현대차  보스턴다이내믹스 상장과 ‘중복상장 금지’

Boston Dynamics' IPO becomes a crucial test case for South Korea's dual-listing ban policy, as market observers question whether the robot premium reflects genuine business value or merely finances the controlling shareholder's succession strategy. The company faces a severe credibility crisis with valuations of 30-128 trillion won despite losses exceeding revenue threefold, while Chinese competitors undercut pricing and leverage manufacturing advantages in the global humanoid robot market. With SoftBank's June 2026 put option deadline looming, regulatory barriers and fundamental valuation doubts may force Hyundai Group to reassess its transformation narrative from automotive to robotics.