Exchange Conducts Consulting for KONEX Companies' Transfer Listing to KOSDAQ
[Asia Economy Reporter Minji Lee] The Korea Exchange announced on the 27th that it will start providing consulting services for the transfer listing of KONEX companies to KOSDAQ from the end of May to support smooth transfer listings.
The transfer listing consulting involves experts with extensive IPO (Initial Public Offering) experience who will pre-assess the management transparency and overall business continuity of KONEX companies and suggest reasonable improvement measures for any deficiencies. This year, 16 companies will be selected to receive transfer listing consulting.
This is a follow-up measure to the KONEX market revitalization plan announced last January. Since last year, the Exchange has been providing 'one-on-one customized consulting' to KONEX-listed companies to help them establish internal control capabilities and disclosure systems at the level of KOSDAQ companies.
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The Exchange stated, "We will provide various policy supports so that the KONEX market can fulfill its original function as a 'Pre-KOSDAQ' market for the growth of early-stage small and medium-sized enterprises," and added, "With the abolition of the basic deposit system for the KONEX market on the 30th of this month, investment accessibility will improve and the market's vitality will be further enhanced."
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