For the director, the problem is not division listing, but physical division.

For example, let’s assume that Samsung alone has many affiliates, but there is only one listed company, ‘Samsung Group’.

If you only want to invest in Samsung Electronics’ semiconductors, Samsung Life Insurance, Samsung Fire & Marine Insurance, Samsung Card, etc. will hinder you.

Even if I predicted that Samsung Electronics would do well, the stock price would not rise much because of the remaining losers.

In this respect, split listing brings great benefits when you make the right choice.

No, then what’s the problem with the split listing being criticized?

To be precise, the problem is ‘physical division’.

If a company is split, the shares of the new company must be distributed to shareholders.

After using a trick, the parent company took 100% of the shares of the new company.

If a new company IPOs and sells it to someone else, only the executives can get away with it, how will the stock price go up?

If you’re going to hurt shareholders anyway, there are many tricks other than split listing, so all you have to do is improve the hostile environment for minority shareholders.

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