Financial Investment Association Announces '2021 K-OTC IR Day' Event

[Asia Economy Reporter Minji Lee] The Korea Financial Investment Association announced on the 24th that it held the ‘2021 K-OTC IR Day’ event to expand information provision on K-OTC companies and to raise investors' interest in unlisted companies in the K-OTC market.

Starting from its first event in 2018, this was the fourth IR DAY, with three K-OTC companies?Road, MyGenomeBox, and Donghwa Electrolite?participating. Due to social distancing measures caused by COVID-19, the event was held simultaneously online and offline, with about 50 investment institution officials from securities firms, asset management companies, and VCs attending, showing strong interest in the IR companies.

The event proceeded with company presentations on detailed status and future prospects of the IR companies, followed by a Q&A session between IR company representatives and investment institutions.

Nam Dalhyun, Head of Market Management at the Korea Financial Investment Association, stated, “As excellent companies continue to enter the K-OTC market every year, we will make multifaceted efforts to make the K-OTC market a more attractive market for companies and investors.” He added, “We plan to continuously hold and expand communication opportunities like this event.”

The K-OTC market is the only regulated over-the-counter market for unlisted stocks in Korea, with a total of 144 listed companies. Thanks to various benefits such as trading convenience, settlement stability, capital gains tax exemption for small and venture companies, and low securities transaction tax rates, the average daily trading value until October this year recorded approximately 5.8 billion KRW, an increase of about 11% compared to 5.2 billion KRW last year.

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