Financial Services Commission "Revising Listing Review Criteria to Focus on Future Growth Potential"

Son Byung-du, Vice Chairman of the Financial Services Commission / Photo by Hyunmin Kim kimhyun81@

[Asia Economy Reporter Kim Hyo-jin] Sohn Byung-doo, Vice Chairman of the Financial Services Commission, stated on the 21st, "We will reform the listing review criteria to focus on future growth potential so that innovative companies can enter our stock market more easily."

Vice Chairman Sohn announced this plan during the 'Financial Risk Response Team Meeting' held at the Korea Federation of Banks in Jung-gu, Seoul, on the morning of the same day.

He mentioned, "We will continuously improve the listing and underwriting system so that securities firms can carry out initial public offering (IPO) tasks based on expertise and responsibility."

He also outlined policies including ▲ identifying and improving difficulties faced by individual investors ▲ strict punishment for acts that undermine the order of the capital market.

The Financial Services Commission plans to complete the first selection of 'Innovative Companies 1000' by July to support highly innovative companies in new industries such as biohealth.

Vice Chairman Sohn said, "In addition, to foster innovative digital financial businesses, we will establish new business areas and prepare a 'Comprehensive Digital Finance Innovation Plan' to strengthen the protection of digital finance users and financial security, supporting the digital New Deal policy in the financial sector."

Meanwhile, the Financial Services Commission confirmed that as of the 17th, a total of 1,792,000 cases and 161 trillion won in funds related to COVID-19 have been provided to small business owners and small and medium-sized enterprises through policy financial institutions and commercial banks.

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