IBK Industrial Bank of Korea Launches Full-Scale Operation of 'KOSDAQ Activation Task Force'

IBK Industrial Bank of Korea is launching a dedicated task force (TF) to address information asymmetry in the KOSDAQ market and broaden the funding base for small and venture businesses. On March 11, the bank announced the establishment of the 'IBK KOSDAQ Activation Task Force (TF)' to invigorate the KOSDAQ market, beginning full-scale operations.

This TF will focus on expanding the provision of investment information to KOSDAQ-listed companies and prospective IPO firms, as well as enhancing connections between companies and investors. By increasing the publication of research reports and supporting both domestic and international IR activities, IBK aims to improve investors' access to information and enhance the capital-raising environment for companies.

As a first step, IBK Industrial Bank of Korea plans to hold joint IR events with the IBK Financial Group for KOSDAQ-listed companies in May and December. Through these initiatives, the bank aims to expand opportunities for communication between investors and companies, and to strengthen the foundation for attracting investment. In addition, IBK will survey approximately 1,600 KOSDAQ-listed companies that currently conduct business with the bank to identify challenges related to fundraising and corporate promotion. Based on these findings, the bank plans to publish a policy report to support the activation of the KOSDAQ market.

Furthermore, IBK Investment & Securities, which recently launched the 'KOSDAQ Research Center,' plans to collaborate with the bank to expand the number of KOSDAQ-listed company analysis reports to 350 by the end of the year. This will represent the largest scale among domestic securities firms and is expected to help close the information gap in the KOSDAQ market, where investment information is relatively scarce. Jang Minyoung, President of IBK Industrial Bank of Korea, stated, "We will alleviate the lack of investment information in the KOSDAQ market and strengthen connections between companies and investors to create a healthy investment ecosystem centered on small and venture businesses. As a policy financial institution, we will continue to provide diverse support to invigorate the KOSDAQ market."

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