Blocksome to Start Trading on K-OTC Market from the 20th

[Asia Economy Reporter Minji Lee] The Korea Financial Investment Association announced on the 16th that it has approved the new registration of Blocksome on the K-OTC market, with trading set to begin on the 20th.

Established in May 2017, Blocksome is a company specializing in the development and supply of network separation solutions, with its main product being ‘Blockspace,’ a VDI (Virtual Desktop Infrastructure)-based network separation solution.

A Blocksome representative stated, “Due to recent changes in work environments caused by COVID-19, corporate interest in establishing security systems for remote work has increased. Our network separation solution, Blockspace, offers the advantage of being adoptable at a reasonable cost by lowering license prices.”

They added, “After entering the K-OTC market, we plan to expand our business areas to include blockchain-based multi-biometric authentication systems based on stable funding, and through the advancement of Blockspace, we aim to enter not only existing B2B customers but also B2G channels.”

As of the end of last year, Blocksome recorded total assets of 2.3 billion KRW, total liabilities of 600 million KRW, total equity of 1.7 billion KRW, and sales of 2.4 billion KRW. Including this new registration, 16 companies have entered the K-OTC market this year, increasing the total number of companies in the K-OTC market to 145. Trading will be available from the 20th through securities firms’ HTS and other platforms. On the first trading day, transactions can occur within a range of 30% to 500% of the net asset value per share, and thereafter, the price limit will be ±30% of the previous day’s weighted average price.

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