Guidelines for Kosdaq Listing
Companies wishing to be listed on the Kosdaq market will have to satisfy 131 conditions set forth by the Kosdaq Committee.
The committee recently finalized the standards, which will strengthen the screening of companies seeking listings, but it did not say when the system will go into effect. The new standards focus mainly on the companies' technology levels, profit models, financial status and the professionalism of the company's chief executive officer. Interviews and evaluations by industry insiders will take place during the examination process.
There are about 400 companies waiting for reviews to get listed, but many of those bids are expected to fail if the new standards are instituted.
Investors stand to benefit from the tighter screening process. "We will provide the information we gather because of the new rules to investors so that they can use it when making investment decisions," a Kosdaq official said.
with the Korea JoongAng Daily
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