What it is
Par value is a nominal per-share figure fixed in the articles — commonly 100, 500, 1,000 or 5,000 won, though some companies issue no-par shares. Par value multiplied by shares outstanding equals paid-in capital.
It is not the market price
Par value has no relationship to where the stock trades. A share with a 5,000 won par value may trade at 3,000 won or at 300,000 won; trading below par does not mean the stock is cheap.
Where the term comes up
A stock split lowers par value and multiplies the share count; a reverse split does the opposite. Neither changes company value. Capital reductions can also cut par value to shrink paid-in capital.
Where to check it
Par value appears in periodic reports and the company profile, and splits, consolidations and capital reductions are filed as material disclosures.
This explanation is general information, not investment advice. Rules reflect September 2026 and may change; check official exchange and broker notices.