South Korean fashion platform Musinsa is pursuing a KOSPI listing as financial-market participants question whether an 8 trillion to 10 trillion won ($5.9 billion to $7.4 billion) valuation can be justified. The range largely reflects the company's future growth potential, while analysts say further earnings growth and financial results must be confirmed. Musinsa must also demonstrate that its platform segment can generate profits, with the assessment attributed to IBK Securities in the existing material.