South Korean President Lee Jae Myung has pledged fresh reforms to address chronic undervaluation in the domestic stock market, including a proposed ban on duplicate listings in a single market by holding companies and their subsidiaries. This move comes after Lee introduced a range of market reforms to resolve the Korea discount, which is often attributed to the lower valuations South Korean companies trade at relative to their global peers. The Financial Services Commission (FSC) chairman Lee Eog-won also revealed plans to ban duplicate listing practices by conglomerates, which analysts argue dilutes existing shares by lowering earnings per share. The ruling Democratic Party has introduced three amendments to the Commercial Act to protect minority shareholders.