JPMorgan Sees Korea Governance Overhaul Driving Equity Deals

A record rally in South Korean stocks is spurring a wave of share sales by existing holders, a trend set to accelerate as companies unwind cross-shareholdings and simplify ownership under a corporate governance overhaul, according to JPMorgan Chase & Co.

The pickup in deals is being driven by governance‑led stake moves and strategic selldowns, while demand is anchored by high-quality foreign investors, said Jinsoo Ha, head of Korea equity capital markets at JPMorgan. A total of six block trades has raised about $1.3 billion so far this year, compared with about $296 million in the first quarter of 2025, according to data compiled by Bloomberg.