Korea Exchange Signs MOU with Korea Institute of Startup & Entrepreneurship Development to Support Startup Growth

The Korea Exchange and the Korea Institute of Startup & Entrepreneurship Development signed a business agreement on the morning of the 26th at their office building in Yeouido, Seoul, to support the growth of startup companies through the capital market and to promote startup activation. Hong Soon-wook, Head of the KOSDAQ Market Division at the Korea Exchange (second from the left), and Kim Yong-moon, Director of the Korea Institute of Startup & Entrepreneurship Development (second from the right), are posing for a commemorative photo after signing the agreement.

[Asia Economy Reporter Myung-hwan Lee] The Korea Exchange announced on the 26th that it has signed a Memorandum of Understanding (MOU) with the Korea Institute of Startup & Entrepreneurship Development to support the growth of startup companies through the capital market and to promote entrepreneurship.

Under this agreement, the two organizations plan to promote mutual cooperation to foster the growth of excellent technology startup companies with high growth potential. First, they will provide education to companies wishing to be listed on the KOSDAQ and KONEX markets. At the same time, they plan to carry out activities such as M&A matching with listed companies for corporate growth through mergers and acquisitions (M&A), education, and linking investment attraction to facilitate smooth investor fund recovery.

The Exchange designated the Korea Institute of Startup & Entrepreneurship Development as a recommending institution for the 'KRX Startup Market (KSM)' and agreed to cooperate to activate KSM registration. KSM is a mobile-based platform established to support startup growth and pre-listing stock trading, currently registering 135 companies. The two organizations will strengthen cooperation to ensure smooth growth support activities such as investor relations (IR) support, mentoring, and promotional video production for KSM-registered companies.

Hong Soon-wook, Head of the KOSDAQ Market Division at the Korea Exchange, said, "Through this agreement, we hope to collaborate with the Korea Institute of Startup & Entrepreneurship Development, which has been actively supporting startups, so that promising companies can have opportunities for innovative growth and contribute to creating a startup ecosystem through the virtuous cycle of venture capital." He added, "We will spare no effort to help them grow further as innovative companies leading the Korean economy."

The Exchange plans to continue strengthening cooperation with the Korea Institute of Startup & Entrepreneurship Development and others to enable many promising startups to grow through the capital market following this MOU.

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