SeoulGyeorae Unlisted Secures 4.5 Billion KRW Pre-Series A Investment

[Asia Economy Reporter Park So-yeon] PSX, the operator of the unlisted stock trading platform 'Seoul Exchange Unlisted,' announced on the 30th that it has completed a pre-Series A investment round totaling 4.5 billion KRW.

This investment round saw participation from Hashed, a well-known blockchain-focused investment firm, continuing its investment following the initial seed round, with Capstone Partners and others joining as new investors.

Earlier this year, PSX completed a seed investment of 3.5 billion KRW through Hashed and SoftBank Ventures, bringing the total accumulated investment to 8 billion KRW.

Seoul Exchange Unlisted was the first in the industry to completely eliminate trading fees. A representative from Seoul Exchange Unlisted stated, "This investment round reflects recognition of PSX's capabilities in operating a stable unlisted stock trading service over the past year and its business philosophy of fostering a safe over-the-counter market." They added, "In particular, we were acknowledged for alleviating issues stemming from the opaque trading environment of the existing unlisted market, such as fraudulent transactions, personal information leaks, difficulties in price discovery of stocks, and information asymmetry."

Seoul Exchange Unlisted plans to actively use the investment funds to operate a more stable service. By strengthening stock registration criteria and introducing policies to designate and protect companies requiring investment caution, they aim to build a more trustworthy trading environment and contribute to the sound development of the unlisted market.

Kim Se-young, CEO of PSX, said, "Seoul Exchange Unlisted is realizing the philosophy of innovating the difficulties individuals face in the capital market through technology while solving the chronic problems of the over-the-counter market." He added, "We will continue to contribute to establishing proper order in the OTC market and build a service environment where investors can trade with greater confidence."

Meanwhile, Seoul Exchange Unlisted was recognized for its various technological and policy efforts in trading innovation and was designated as an Innovative Financial Service by the Financial Services Commission in April last year. Less than a year after its official launch, it surpassed 300,000 monthly active users (MAU) last month, showing rapid growth. Recently, it has proactively introduced investor protection policies to create a safe investment environment, fulfilling its role and responsibility as a leading company in the unlisted stock market.

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