KRX and Gyeonggi-do Economic Science Promotion Agency Join Hands... "Supporting Startup M&A and Investment Attraction"
Hong Soon-wook, Head of the KOSDAQ Market Division at Korea Exchange (left), and Yoo Seung-kyung, President of Gyeonggi-do Economic Science Promotion Agency, are signing a business agreement and taking a commemorative photo at the Korea Exchange Seoul Office in Yeongdeungpo-gu, Seoul, on the 10th. (Photo by Korea Exchange)
View original image[Asia Economy Reporter Minwoo Lee] The Korea Exchange (KRX) has partnered with the Gyeonggi-do Economic Science Promotion Agency to support mergers and acquisitions (M&A) and startup activation within the region.
On the 10th, the Korea Exchange announced that it signed a business agreement with the Gyeonggi-do Economic Science Promotion Agency to support M&A and startup activation for startups located in Gyeonggi-do.
Through this, the Exchange will support M&A and investment attraction for small and medium-sized enterprises via the KRX M&A brokerage network, while the Promotion Agency will support M&A for startups in the province through the Gyeonggi Fair M&A Support Center.
Additionally, both organizations plan to carry out various M&A support activities such as connecting listed companies with M&A opportunities, education, and more to promote corporate growth and smooth investor fund recovery through M&A of startups located in Gyeonggi-do.
Along with this, KRX will designate the Gyeonggi-do Economic Science Promotion Agency as a recommending institution for the KRX Startup Market (KSM). KSM is a mobile-based platform established in 2016 to support startup growth and pre-listing stock trading. Currently, a total of 123 companies are registered.
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Hong Soon-wook, Head of the KOSDAQ Market Division at the Korea Exchange, stated, "Through this agreement, we hope that promising companies located in Gyeonggi-do will have opportunities for innovative growth and that it will help create a startup ecosystem through the virtuous cycle of venture capital."
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