DataGen and YCons Newly Listed on K-OTC Market

The Korea Financial Investment Association announced on September 8 that DataGen and YCons will be newly listed on the K-OTC market.

DataGen, established in 2007, is a financial and fintech company. Based on artificial intelligence (AI), big data, Internet of Things (IoT), and electronic financial services, it is pioneering the issuance of investment contract securities using Korean pork as the underlying asset for the first time in the country. It is a small and medium-sized enterprise leading a sixth industrial financial and fintech model that integrates the entire process of production, processing, distribution, and consumption.

Im Sunmok, CEO of DataGen, stated, "With our entry into the K-OTC market, DataGen will promote the expansion of Korean pork farms and the activation of direct transaction platforms," adding, "We aim to create an ecosystem where investors, farms, processors, and consumers can all grow together."

Based on its most recent business year, DataGen recorded total assets of 7.8 billion won, total liabilities of 2.4 billion won, total equity of 5.4 billion won, and sales of 2.1 billion won.

YCons, founded in 2019, is a small and medium-sized enterprise that provides payment services, platform utilization business, and youth franchise business based on a digital integrated platform for university students. Its core service, 'Yammi,' is a reservation, payment, and ordering service used by 300,000 people at 253 stores across 34 universities nationwide. Through 'YammiPay,' which has received open banking approval from the Korea Financial Telecommunications and Clearings Institute, YCons has established its own independent fintech ecosystem.

Kim Seungil, CEO of YCons, said, "Starting with university students, who are digital natives, our goal is to grow into a digital economic ecosystem platform that expands to local commercial districts, corporations, and globally." He added, "By entering the K-OTC market, we aim to be recognized for our corporate value and evolve into a mobile-centric super app that encompasses all generations, thereby rewarding our investors."

Based on its most recent business year, YCons recorded total assets of 3.4 billion won, total liabilities of 1.2 billion won, total equity of 2.2 billion won, and sales of 2.5 billion won.

Trading of YCons will begin on September 10, and trading of DataGen will begin on September 11. Both stocks can be traded through securities firms' home trading systems (HTS), among other platforms. On the first trading day, transactions are allowed within a range of 30% to 500% of the per-share net asset value. Thereafter, the price limit is set at plus or minus 30% of the previous day's weighted average price.

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