Completion Rate Increases with Untact Public Company Training
Korea Exchange Conducts Online Listing Education for Employees of Companies Preparing for KOSDAQ Listing
6.6% Increase in Completed Companies, 38.8% Increase in Completed Participants
[Asia Economy Reporter Minwoo Lee] The Korea Exchange (KRX) reported an increase in the completion rate of listing education conducted online for companies preparing to list on KOSDAQ.
The KOSDAQ Market Division of the Korea Exchange announced on the 8th that the number of companies and individuals completing the listing education increased after conducting five sessions of listing education for executives and employees of companies preparing to list in the first half of this year. The increase in participation was attributed to the education being conducted online due to the impact of the novel coronavirus disease (COVID-19).
Specifically, the number of companies completing the course totaled 162, a 6.6% increase compared to 152 companies in the first half of the previous year. The number of individuals completing the course also rose by 38.8%, reaching 279 compared to 201 in the first half of the previous year. A Korea Exchange official explained, "Despite the spread of COVID-19, the domestic securities market quickly stabilized, leading to increased demand from companies preparing for listing. The convenience of attending online education also appears to have been a contributing factor."
The listing education is a program where internal and external experts from the exchange directly provide knowledge and case studies on the securities market, listing systems, and the overall initial public offering (IPO) process. It operates a 'Management Course' for executives and a 'Listing Specialist Course' for practitioners. Companies intending to list on the KOSDAQ market must submit a certificate of completion of the listing education when applying for the preliminary review for KOSDAQ listing.
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A representative from the KOSDAQ Market Division stated, "In the second half of the year, listing education will be flexibly conducted either online or in-person depending on the progression of the COVID-19 situation. We plan to assess the demand for listing education and, unlike last year, will additionally open online courses in August to support companies preparing for listing without any setbacks."
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