Korea's value-up index sets new record last month: KRX
Financial data is displayed on screens installed in the lobby of the Korea Exchange, Korea's main bourse operator, Jan. 26. Yonhap
Korea's main bourse operator said Wednesday its value-up index rose to an all-time high at the end of last month.
The Korea Exchange's (KRX) value-up index came to 2,330.7 as of end-January, up 134.9 percent from the index's introduction on Sept. 30, 2024.
It outperformed the broader benchmark Korea Composite Stock Price Index (KOSPI), which rose 101.5 percent during the cited period, the bourse operator said in a release.
The value-up index comprises 100 companies that demonstrate strong performance in a range of qualitative metrics, such as profitability and shareholder returns.
Net assets in 13 ETFs tracking the value-up index reached 1.7 trillion won as of the end of last month, climbing 255.3 percent from when the funds were launched in November 2024, according to the KRX.