Korea Exchange to Evaluate Governance of 'KOSDAQ Global'... Signs MOU with KCGS

Hong Soon-wook, Head of the KOSDAQ Market Division at Korea Exchange (left), and Shim In-sook, President of the Korea Corporate Governance Service, are posing for a commemorative photo after signing a business agreement for the "Corporate Governance Evaluation of KOSDAQ Listed Companies" at 11 a.m. on the 22nd at the Korea Exchange Seoul Office in Yeouido, Seoul. Photo by Korea Exchange

[Asia Economy Reporter Myunghwan Lee] The Korea Exchange announced on the 22nd that it has signed a Memorandum of Understanding (MOU) with the Korea Corporate Governance Service (KCGS) to evaluate the governance of KOSDAQ-listed companies.

KCGS, a specialized ESG (Environmental, Social, and Governance) evaluation agency, will conduct governance assessments for companies nominated for inclusion in the 'KOSDAQ Global' segment.

'KOSDAQ Global' is a sub-market consisting of approximately the top 5% of large, high-quality companies listed on the KOSDAQ market, scheduled to be launched in the fourth quarter. Companies included in KOSDAQ Global must not only have high market capitalization and excellent business performance but also obtain a governance evaluation rating above a certain level from KCGS.

Under this agreement, KCGS will assign governance ratings to candidate companies for inclusion in the KOSDAQ Global segment. The Korea Exchange will publish these evaluation ratings on the dedicated KOSDAQ Global website.

Shim Insuk, President of KCGS, stated, "We will produce reliable governance evaluation ratings to ensure that companies with high management transparency can be included in KOSDAQ Global."

Hong Soonwook, Vice Chairman of the Korea Exchange and Head of the KOSDAQ Market Division, said, "Through cooperation with KCGS, we will proceed smoothly with the selection of representative KOSDAQ companies to be included in KOSDAQ Global," adding, "We ask for your interest and support for the soon-to-be-launched KOSDAQ Global."

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