Gyeonggi Economic Science Institute Signs Business Agreement with Korea Exchange

[Asia Economy (Suwon) = Reporter Lee Young-gyu] The Gyeonggi-do Economic Science Promotion Agency has signed a business agreement with the Korea Exchange (KRX).

On the 10th, the Gyeonggi Economic Science Agency announced that it signed a business agreement with the Korea Exchange at the Korea Exchange Committee meeting room in Yeouido, Seoul, to support mergers and acquisitions (M&A) and startup activation in the province.

The signing ceremony was held with the attendance of Yoo Seung-kyung, head of the Gyeonggi Economic Science Agency, and Hong Soon-wook, vice president of the Korea Exchange.

According to the agreement, the two organizations will support M&A matching with listed companies and provide education to facilitate corporate growth through M&A of startups in the province and smooth recovery of investment funds.

The Gyeonggi Economic Science Agency was designated as a recommending institution for KSM (KRX Startup Market), a mobile-based platform opened in November 2016, to support startup growth and pre-listing stock trading, and will work to promote KSM registration.

Yoo Seung-kyung, head of the Gyeonggi Economic Science Agency, said, "We expect this business agreement to be a stepping stone for excellent startups in the province to leap forward," and promised, "We will actively support M&A of startups in the province through the Gyeonggi Fair M&A Support Center."

Hong Soon-wook, vice president of the Korea Exchange, responded, "Through this agreement, we hope that promising companies located in Gyeonggi-do will have opportunities for innovative growth (Scale-up) and that it will help create a startup ecosystem through the virtuous cycle of venture capital."

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