The Korean government, on October 10, approved ‘Improvement Measures for KONEX Market’, a measure to facilitate KONEX market devised by a task force comprised of the Office of the Prime Minister, Ministry of Finance and Strategy, Financial Services Commission, and Small and Medium Business Administration.
The measure was introduced as a means for KONEX to establish a solid foundation as SMEs and venture companies’ market for financing business fund by further facilitating transactions.
The measure includes detailed plans related to expanding investment demands in KONEX-listed stocks, increasing the number of companies and stocks, and encouraging more KONEX companies to enter KOSDAQ market.
If investment supply and demand of KONEX market expand thanks to the introduction of the measure, it is expected to facilitate transactions of KONEX stocks. In particular, KONEX market will be able to secure a firm ground as a financing source for SMEs and venture companies when the number of listed companies increase to 50 and KONEX firms successfully advance to KOSDAQ market.