Korea Value Up Index - Surprising Inclusions and Exclusions

• There are some major surprises (both inclusions and exclusions) in the Korea Value Up index.

• In particular, the telecom sector (SK Telecom and KT) and large cap holding companies (Samsung C&T and LG Corp) are surprising exclusions in the index.

• There are many surprising inclusions in the Korea Value Up Index. We provide 30 companies are surprising inclusions in the Korea Value Up Index (19 KOSDAQ and 11 KOSPI listed).