Exchange Supports Listing Fees for KONEX Companies

by Song Hwajung

Published 21 May.2020 09:55(KST)

[Asia Economy Reporter Song Hwajeong] The Korea Exchange announced on the 21st that it will implement the '2020 KONEX Market Revitalization Support Project,' which provides partial government budget support for costs required for listing and maintaining on the KONEX market.

This project targets newly listed companies on the KONEX market this year that operate in the three key growth industries of bio, future automobiles, and non-memory semiconductors, or are venture companies. Within a total limit of 1.235 billion KRW, companies will be selected on a first-come, first-served basis to receive support for listing costs.

It supports 50% of the fees paid for external auditor audit fees, designated advisor listing support fees, and designated advisor listing maintenance support fees required for listing and maintaining on the KONEX market, up to a total of 95 million KRW per company.

The application period is from today until 6 p.m. on December 15, and applications can be submitted via email.

A Korea Exchange official said, "By alleviating the burden of entry costs, we expect to create a foundation that allows early-stage innovative companies to be listed on the KONEX market, a growth support platform for small and medium enterprises, enabling them to achieve innovative growth through a virtuous cycle structure in the small and medium venture ecosystem."