K-OTC, Annual Trading Volume Surpasses 1 Trillion Won for the First Time
[Asia Economy Reporter Dongwoo Lee] The annual trading volume of the Korea Over-the-Counter Market (K-OTC) exceeded 1 trillion won for the first time since its launch this year.
According to the Korea Financial Investment Association, on the 30th, the annual trading volume of the K-OTC market was recorded at 1.2766 trillion won, marking the highest level since the K-OTC market was launched in 2014.
While the trading volume was only 159 billion won in 2016, it has increased significantly every year since then, reaching 990.3 billion won last year.
On the same day, the K-OTC market's trading volume also surpassed the highest record set on August 14th, four months ago, with 14.72188 billion won compared to the previous record of 14.49794 billion won.
K-OTC is a domestic stock market following KOSPI, KOSDAQ, and KONEX, where unlisted over-the-counter companies can trade their stocks within the institutional market.
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The number of listed stocks trading on K-OTC is 137, and the total market capitalization reached a record high of 17.0438 trillion won as of that day.
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