K-OTC market cap nears a 7-year high

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K-OTC market cap nears a 7-year high

The value of stocks traded on Korea's over-the-counter (OTC) market has exceeded 22 trillion won ($19.3 billion) on a recent market rally, data showed Wednesday.
The capitalization of the K-OTC totaled 22.1 trillion won as of end-June, up about 30 percent from six months earlier, according to the data from the Korea Financial Investment Association (Kofia).
It marks the highest market value since Nov. 13, 2014, when Samsung SDS, traded on the K-OTC.
The K-OTC market is the venue for trading unlisted stock. In August 2014, Kofia revamped the previous OTC to galvanize trading by boosting safety and convenience in trading unlisted shares.
As of end-June, 139 companies were traded on the K-OTC, up 10 from the end of December.
Builder SK ecoplant and four other companies had a market value of 1 trillion won or higher, up from three a year earlier.
SK ecoplant had the largest capitalization, at 2.88 trillion won, followed by Netmarble Neo, at 2.11 trillion won, and Semes, a semiconductor and display manufacturing equipment company, at 1.66 trillion won.
In the first half of the year, the average daily turnover of the K-OTC jumped 50 percent on-year to a record high of 6.47 billion won, with the first-half turnover totaling 795.4 billion won.

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