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KRX to extend support for firms' KOSDAQ market debut

All Headlines 14:43 July 09, 2018

SEOUL, July 9 (Yonhap) -- South Korea's bourse operator vowed Monday to offer diverse administrative support for companies hoping to go public on the country's tech-laden KOSDAQ market.

It is part of the Korea Exchange's (KRX) efforts to smooth due procedures for small business entities' initial public offerings (IPOs) and to revitalize the second-tier market by attracting more innovative firms.

According to the plan, the KRX will offer customized consulting services for companies wanting to be listed on the KOSDAQ market. Such support can make it easier to cope with potential huddles in advance and to improve the predictability of IPO outcomes.

While boosting communications with applicants over the course of IPO preparations, the KRX plans to cut down on the paperwork needed for those trying to transfer from the tertiary KONEX to the KOSDAQ market.

"The measures are expected to cut unnecessary costs so as to bring more prospective firms to the KOSDAQ market," the KRX said in a release.

The government has been ramping up efforts to breathe new life into the secondary market, presenting a grand vision of turning it into the world's top trading venue for tech shares.

KRX to extend support for firms' KOSDAQ market debut - 1

graceoh@yna.co.kr
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