'Siksin, Pursuing KOSDAQ Listing, Passes Technical Evaluation for Special Technology Listing'

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Food tech company SikSin, which operates a mobile meal ticket service, announced on the 4th that it has passed the preliminary technology evaluation for a special technology listing.

The special technology growth company listing system is a program that supports companies with outstanding technology to be listed through technology evaluation. To be listed under this system, a company must receive an A grade and at least a BBB grade in technology evaluations from two professional evaluation institutions designated by the Korea Exchange.

SikSin passed the technology evaluation by having its technology and business feasibility recognized for its mobile meal ticket service ‘SikSin e-SikGwon’ and its restaurant information service ‘SikSin.’ In particular, this technology evaluation highly rated the stable operation of the service as well as the originality and scalability of the technology, including AI-based payment technology, multi-terminal technology, food service (FS) solutions, AI learning and analysis technology, big data platform technology, and generative AI technology.

SikSin e-SikGwon is currently the leading domestic mobile meal ticket service used daily by 230,000 office workers from 880 companies. It is expected to achieve approximately 150 billion KRW in transaction volume this year. In May, SikSin surpassed the break-even point (BEP) with a monthly transaction volume of 12 billion KRW, becoming the first in the industry to turn a profit.

Based on the results of this technology evaluation, SikSin plans to submit a preliminary listing examination application within the fourth quarter of this year after consultations with its lead underwriter, Mirae Asset Securities. If SikSin is listed on KOSDAQ, it will be the first case of a food tech company successfully achieving a special technology listing.

Byung-Ik Ahn, CEO of SikSin, stated, "We will strive to successfully complete the KOSDAQ listing and continue to grow as a leading company in the food tech industry."

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