End of Mandatory Lock-Up Periods for 54 Companies in Korea in May 2024

• We discuss the end of the mandatory lock-up periods for 54 stocks in Korea in May 2024, among which 4 are in KOSPI and 50 are in KOSDAQ.

• These 54 stocks on average could be subject to further selling pressures in May and could underperform relative to the market.

• The top three market cap stocks including those of which at least 1% of outstanding shares could be sold in May include EcoPro Materials, Enchem, and Gaonchips.