Korean IPO Rules: Cheong-yak Equal Allotment, 60-400% Debut Range, Lockups

Korean IPOs allocate at least half the retail tranche by equal allotment — falling back to a random draw only when subscribers outnumber the available shares — let new listings trade anywhere from 60% to 400% of the offer price during the debut session, and release locked-up shares on a published lockup calendar. Here is how each mechanism works and how to read the supply-and-demand signals around it.

Fed Hikes, Foreigners Sell $1.8 Billion of Korean Stocks, Mostly Chips — and the KOSPI Barely Moves

The KOSPI closed flat at 6,715.41 after the Fed’s first rate hike since 2023, as foreign investors sold Korean stocks for a seventh straight session — dumping chips but buying shipbuilders. The KOSDAQ rose for a third day and the won slid to around 1,381 per dollar.

Foreign and Institutional Investors Dump Over $1.8B as KOSPI Falls; KOSDAQ Rallies on Cybersecurity

The KOSPI fell 0.85% as foreign and institutional investors sold over 2 trillion won amid $101 oil, 5% US yields and AI-pacing worries, while the KOSDAQ rose 0.70% on a cybersecurity stock surge. The won weakened to 1,359.68 per dollar ahead of the FOMC.

How the US 10-Year Yield Moves the KOSPI: 3 Channels, Key Thresholds

Rising US 10-year Treasury yields hit Korean stocks through three channels: a higher global discount rate that compresses Samsung and SK Hynix valuations, a wider US-Korea rate gap that lifts USD/KRW, and foreign selling on the KRX. Here is how each channel works, which thresholds matter, and how to read the daily foreign-flow print step by step.