IPOs & IPO Shares

What is allocation to the employee stock ownership association?

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In KOSPI market IPOs and public offerings, 20% of the offered shares must be allocated to the employee stock ownership association, which is made up of the company's officers and employees.

If the association, following a resolution of its general meeting of members, indicates in writing that it wishes to be allocated less than 20%, the shortfall may be allocated to other investor groups such as retail subscribers or institutional investors.

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This answer is general financial information as of 14-10-2026, not investment advice. Rules and tax rates change, so please also check the latest guidance from the source institution.