Samjong KPMG Hosts '5th IPO Success Strategy Webinar'

[Asia Economy Reporter Minji Lee] Samjong KPMG announced on the 30th that it will hold the '5th IPO Success Strategy Webinar' for preliminary IPO companies on the 3rd of next month.

Due to economic uncertainties caused by the novel coronavirus disease (COVID-19), the number of companies newly listed on domestic stock markets such as KOSDAQ and KOSPI until October this year is 60, which is lower than last year's 75 companies. However, major companies such as SK Biopharm, Kakao Games, and Big Hit Entertainment have completed their IPOs.

With the domestic stock market becoming more active from the fourth quarter, the IPO market is expected to heat up even more next year. The government has announced plans to increase the allocation of public offering shares to individuals from the existing 20% to 30%, and to partially introduce an equal allocation method for individual subscription shares, which is expected to increase individual participation.

However, since the introduction of the new External Audit Act, accounting systems and regulatory environments have been further strengthened, requiring strategies and responses for successful IPOs. In particular, the importance of prior preparation for additional requirements as newly listed companies after completing the IPO is growing. Through this webinar, Samjong KPMG plans to share specific cases related to accounting and tax issues with companies preparing for IPOs and present successful IPO strategies, including preparation for qualitative screening requirements and internal control aspects.

The webinar will begin with a presentation on 'KOSDAQ Listing Status and Screening Cases' by Aaron Seo, Head of the Technology Company Listing Department at Korea Exchange. Following this, Samjong KPMG's Executive Directors Jinseok Choi and Jihoon Jang will discuss 'Major Accounting Issues Arising During Designated Audits' and 'Tax Issues to Consider Before and After IPO,' respectively. Finally, Kyungho Noh, Deputy General Manager at NH Investment & Securities, will provide guidance on 'Preliminary Preparations for IPO Screening.'

Han Eunseop, Head of the Audit Division at Samjong KPMG, stated, "If the recent liquidity expansion and low interest rate trend continue, the domestic IPO market is expected to expand along with the activation of the securities market." He added, "For a successful IPO, thorough preparation for accounting and tax issues and proactive response strategies to systems and regulations applied immediately after listing are necessary."

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