Korea Financial Investment Association Hosts K-OTC IR DAY... "Enhancing Interest in Unlisted Companies"

[Asia Economy Reporter Oh Ju-yeon] The Korea Financial Investment Association announced that it held the '2020 K-OTC IR Day' event on the 15th to expand information provision on K-OTC companies and to raise investors' interest in unlisted companies in the K-OTC market.

Starting from its first event in 2018, this third IR DAY was attended by three K-OTC companies: Aha Information & Communications, Santa Cruz Company, and Aribio. Due to the stepwise social distancing measures caused by the recent COVID-19 pandemic, the event was held as an online webinar, with about 80 investment institution officials from securities firms, asset management companies, and VCs connecting via an online video system, showing high interest in the IR companies.

The event proceeded with company presentations on detailed status and future prospects of the IR companies, followed by a Q&A session between IR company representatives and investment institutions.

Nam Dal-hyun, Head of Market Management Division, stated, "We will strive to actively attract promising and attractive companies within the K-OTC market through promotion of the K-OTC market targeting unlisted companies, and plan to continuously expand such communication opportunities with companies."

The K-OTC market is the only regulated over-the-counter market for unlisted stocks in Korea, with a total of 134 listed companies. Thanks to various benefits such as trading convenience, settlement stability, capital gains tax exemption on transactions of small and medium venture companies, and low securities transaction tax rates, the average daily trading value until September this year recorded about 5.1 billion KRW, an increase of approximately 27% compared to 4 billion KRW last year.

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