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  • P-ISSN2287-1608
  • E-ISSN2287-1616
  • KCI

A Case Review on the Success/Failure Factors of Backdoor Listing - Comparing the Case of Korean Food Industry Company to the Similar Previous Study

Asian Journal of Innovation and Policy / Asian Journal of Innovation and Policy, (P)2287-1608; (E)2287-1616
2024, v.13 no.2, pp.265-276
https://doi.org/10.7545/ajip.2024.13.2.265
Eun-Hee Kang (Seoul Women's University)
Cho-Yeon Kim (Seoul Women's University)
Chae-eun Yun (Seoul Women's University)
Soo-Been Lee (Seoul Women's University)
So-Won Choi (Seoul Women's University)
Jongtae Lee (Seoul Women's University)

Abstract

Entering the stock market to adopt indirect methods rather than official stock market procedures and evaluations, such as business transferring, stock swapping, and others, is called a backdoor listing strategy. It is required for public and private financial organizations to review the real backdoor listing cases to find out the possible issues and proper responses and to protect public wealth and the rights of the victims including small investors and public investors. This study compares three companies’ backdoor listing cases. Although a backdoor listing has the advantage of providing unlisted companies with an opportunity to enter the capital market and secure stable capital procurement in a short period of time, there is a risk of fraud after a backdoor listing due to the relaxed standards and screening compared to a regular listing.

keywords
Backdoor Listing, Merger Strategy, Financial Strategy
Submission Date
2025-01-24
Revised Date
Accepted Date
2025-02-09

Asian Journal of Innovation and Policy