KOSDAQ listed capital encroaching point to be ended…KOSDAQ entrance of innovative venture to be easier
Kim Dong Wook | east@ | 2018-01-10 11:17:17
KOSDAQ listing system to be renewed overall
The listing requirements are fully revised so that mid-term venture innovators can more easily list on the KOSDAQ market. KOSDAQ has expanded its doors so that venture capital firms with more growth potential than profitability can enter the KOSDAQ market by abolishing the requirements for capital gains from the continuing business profits, which are obstacles to the entry of innovative companies into KOSDAQ. In addition, KOSDAQ will be responsible for all related matters such as listing and abolishing the listing, and will invest 300 billion won in funds to invest in undervalued KOSDAQ.
On January 9, the Finance Committee Chairman of the Korea Finance & Finance Commission (KEF) attended an on-site meeting with KOSDAQ listed companies, preliminary listed companies, and mid-term specialized brokerage firms at the Korea Exchange Seoul Building.
At the meeting, Chairman Choi said, "We will improve all the systems and infrastructure of the capital market centering on the KOSDAQ market." We will allow KOSDAQ to supply and relay adventure capital through restructuring of entry regulations and deregulation. He pointed out.
First, in order to expand the entry of innovative companies into the KOSDAQ market, the listing system will be completely revamped, focusing on growth potential. To this end, we will boldly abolish the `ongoing business gains` and `capital erosion` requirements, which have been blocking the listing of innovative companies in the past, and will not be listed separately if they meet one of the following criteria: pre-tax profit, market capitalization, New listing requirements shall be established.
Besides, to increase the effectiveness of the `Tesla` system, which allows deficit-only companies to publicize with innovative technologies, if a company traded above a certain level in the Cornex market is traded on the KOSDAQ market.
Post regulation devices are strengthened rather than mitigate listing requirements. It is expected to expand the requirements for the listing of the listed companies, and will promptly detect and disclose insolvent companies. In addition, to encourage the management of major shareholders and executives, and to prevent conflicts of interest between the listed managers and investors, the duty of protection is expanded and sanctions standards are strengthened.
At the same time, the KOSDAQ headquarters will be organized. The KOSDAQ committee chairman, who was also the head of the KOSDAQ, The chairman of the KOSDAQ market is planning to select an outside expert who is bright in the circumstances.
Mr. Choi stated, "We will separate the KOSDAQ and KOSDAQ from the Korea Exchange and let the chairman take care of related matters such as listing and abolition."
It also includes measures to actively encourage institutional investors to participate in the KOSDAQ market. The Korea Exchange and KOSPO have proposed a KRW 300 billion of "scale-up" fund to invest in undervalued KOSDAQ companies.
The Financial Supervisory Commission (KFDA) will announce a plan to revitalize the KOSDAQ, which includes the contents of the report, through a ministerial meeting on January 11.
By Kim Dong Wook east@
[ copyright ⓒ The Digitaltimes ]
The listing requirements are fully revised so that mid-term venture innovators can more easily list on the KOSDAQ market. KOSDAQ has expanded its doors so that venture capital firms with more growth potential than profitability can enter the KOSDAQ market by abolishing the requirements for capital gains from the continuing business profits, which are obstacles to the entry of innovative companies into KOSDAQ. In addition, KOSDAQ will be responsible for all related matters such as listing and abolishing the listing, and will invest 300 billion won in funds to invest in undervalued KOSDAQ.
On January 9, the Finance Committee Chairman of the Korea Finance & Finance Commission (KEF) attended an on-site meeting with KOSDAQ listed companies, preliminary listed companies, and mid-term specialized brokerage firms at the Korea Exchange Seoul Building.
At the meeting, Chairman Choi said, "We will improve all the systems and infrastructure of the capital market centering on the KOSDAQ market." We will allow KOSDAQ to supply and relay adventure capital through restructuring of entry regulations and deregulation. He pointed out.
First, in order to expand the entry of innovative companies into the KOSDAQ market, the listing system will be completely revamped, focusing on growth potential. To this end, we will boldly abolish the `ongoing business gains` and `capital erosion` requirements, which have been blocking the listing of innovative companies in the past, and will not be listed separately if they meet one of the following criteria: pre-tax profit, market capitalization, New listing requirements shall be established.
Besides, to increase the effectiveness of the `Tesla` system, which allows deficit-only companies to publicize with innovative technologies, if a company traded above a certain level in the Cornex market is traded on the KOSDAQ market.
Post regulation devices are strengthened rather than mitigate listing requirements. It is expected to expand the requirements for the listing of the listed companies, and will promptly detect and disclose insolvent companies. In addition, to encourage the management of major shareholders and executives, and to prevent conflicts of interest between the listed managers and investors, the duty of protection is expanded and sanctions standards are strengthened.
At the same time, the KOSDAQ headquarters will be organized. The KOSDAQ committee chairman, who was also the head of the KOSDAQ, The chairman of the KOSDAQ market is planning to select an outside expert who is bright in the circumstances.
Mr. Choi stated, "We will separate the KOSDAQ and KOSDAQ from the Korea Exchange and let the chairman take care of related matters such as listing and abolition."
It also includes measures to actively encourage institutional investors to participate in the KOSDAQ market. The Korea Exchange and KOSPO have proposed a KRW 300 billion of "scale-up" fund to invest in undervalued KOSDAQ companies.
The Financial Supervisory Commission (KFDA) will announce a plan to revitalize the KOSDAQ, which includes the contents of the report, through a ministerial meeting on January 11.
By Kim Dong Wook east@