According to Korea Exchange data, 14 of the 18 companies listed this year in South Korea are trading below their IPO prices, as market uncertainty and shifting investor sentiment weigh on newly listed firms. Technology and fashion sector stocks have led the decline, with analysts attributing the pullback to overpriced IPOs and rapid exit of short-term speculative capital post-listing.
Domestic liquidity remains concentrated in large-cap artificial intelligence and semiconductor stocks, limiting capital flow to smaller and newer listed companies. Financial observers note that retail and institutional investor lockup periods have been tightened by regulators, but macroeconomic headwinds and supply-demand imbalances continue to pressure mid-cap equities.