KOSDAQ Listing Within Reach This Year... KTB Network Receives Preliminary Approval for Listing on the 28th

[Asia Economy Reporter Minwoo Lee] KTB Network is on the verge of listing within the year after receiving preliminary approval for KOSDAQ listing from the Korea Exchange.

KTB Network announced on the 29th that it received preliminary approval for KOSDAQ listing from the Korea Exchange the previous day. Accordingly, if there are no major setbacks, listing within the year is expected as originally planned. The lead underwriter for the listing is Korea Investment & Securities.

KTB Network is a first-generation domestic venture capital (VC) firm with 40 years of experience in startup investment. Most of its management personnel have over 10 years of experience as VC analysts. It has actively pursued overseas investments early on by expanding locally into the United States, China, and other countries.

The scale of assets under management is 1.1195 trillion KRW, which is considered among the top in the industry. Its performance has also been steadily rising. Last year, it recorded a net profit of 35.8 billion KRW, ranking first in net profit within the VC industry. This year, it has continued its record performance with a net profit of 44.1 billion KRW in the first half alone.

A KTB Network official stated, "Venture and startup investments are being activated worldwide and have emerged as a spotlighted business domestically as well," adding, "Through the KOSDAQ listing, we will enhance corporate value and continue to grow steadily as a leading domestic VC."

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