Shinhan Financial Investment Partners with Startup OTC Stock Exchange PSX

Official Service of Pangyo Exchange Scheduled for May

[Asia Economy Reporter Minwoo Lee] Shinhan Financial Investment has partnered with PSX (Pangyo Stock Exchange), an operator of a startup securities platform. They plan to launch an official service in May and focus on revitalizing over-the-counter stock trading for venture startups.

Shinhan Financial Investment announced on the 18th that it had signed a business agreement with PSX. PSX is a company participating in 'Shinhan Futures Lab,' which supports the growth of startup companies, and is currently operating a pilot version of the unlisted stock trading platform Pangyo Stock Exchange. The Pangyo Stock Exchange trades unlisted stocks of companies representing domestic venture startups in sectors such as e-commerce, knowledge-based content, and artificial intelligence (AI).

Through this partnership, Shinhan Financial Investment plans to officially launch the 'Pangyo Stock Exchange' around May. The Pangyo Stock Exchange will secure outstanding venture startup over-the-counter stocks from angel investors, accelerators, and stock option holders, while also providing analysis reports on major companies for investors. Shinhan Financial Investment will support account opening services and trade execution systems to ensure stable service.

Lee Jun, Head of Digital Business Promotion at Shinhan Financial Investment, said, "As venture startup companies grow, the demand for unlisted stock trading continues to increase, but due to information asymmetry, connecting sellers and buyers has not been easy. Shinhan Financial Investment and PSX will create a collaborative model that satisfies both unlisted stock holders and investors."

This content was produced with the assistance of AI translation services.