Koscom to Launch Unlisted Stock Market Platform Service Starting April

Unlisted Stocks Are 'Be My Unicorn'... Trading, Settlement, and Shareholder Registry Management All in One

[Asia Economy Reporter Oh Ju-yeon] Koscom announced on the 23rd that it will officially provide unlisted stock trading services through the blockchain platform 'BeMyUnicorn' targeting companies that have not issued unified stock certificates and investors. Unlisted stock trading services are known to be the slowest to be computerized among capital market sectors.

Through this service, Koscom expects that small and medium venture companies will reduce the burden of managing shareholder registers, and investors will be able to alleviate the anxiety they previously felt during unlisted stock trading by using a transparent and secure blockchain platform. In particular, as unlisted stocks held by professional investors such as accelerators and stock shares of venture company employees can also be traded, it is anticipated that the activation of the SME venture funding market will lead to an increase in startup jobs in the mid to long term.

Koscom's 'BeMyUnicorn' is characterized by allowing all procedures within a single platform without the need to create a separate securities account for trading, unlike other similar services.

It verifies whether the selling shareholder actually holds the stocks, confirms trading intentions through investor chats, electronically signs the online transfer contract after negotiation, and conducts secure payment via escrow. Additionally, it is the only domestic platform that supports the entire process of unlisted stock trading as a 'one-stop service,' including updating the shareholder register under the buyer's name.

To provide convenience to customers, Koscom has been building the platform with reputable institutions since last year.

Hana Bank provides secure payment escrow services, the Korea Technology Finance Corporation issues registered company intellectual property guarantees, the Korea Accelerator Association attracts and nurtures companies and investors, NICE Credit Information supports company-related credit and technology evaluation data, and the legal IT company Amicus Rex offers legal services such as drafting online transfer contracts.

Furthermore, Koscom has prepared various benefits for companies participating in BeMyUnicorn. Early participating companies will receive free legal IT services such as corporate credit evaluation and drafting of sales contracts.

Koscom also plans to provide facilities and spaces it owns to some participating companies, and in the second half of the year, it will consider equity investments by selecting outstanding companies. Hana Bank will support the evaluation fees that venture companies bear when receiving intellectual property (IP) technology evaluations from the Korea Technology Finance Corporation and plans to operate collateral loan products based on this.

As of April, BeMyUnicorn has registered about 20 companies from various industries including ▲Fintech (Korea Financial Solutions and 7 others) ▲Fintech Big Data (Amicus Rex and 1 other) ▲Fintech AI (Sustainable Power Plant) ▲Content (Nalda Factory and 3 others) ▲IT Development (NeoPos Korea and 1 other) ▲Manufacturing (EnerOne Korea and 1 other) ▲Service (Desk M and 1 other) ▲Game Development (Toward), and plans to continuously expand membership of venture startups with growth potential.

Jung Ji-seok, CEO of Koscom, stated, "Based on over 40 years of financial IT know-how accumulated in the capital market, we will secure the reliability of the unlisted stock market and strive to make BeMyUnicorn a cradle for Korea’s representative unicorn companies by serving as a growth catalyst for venture startups."

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