KOSDAQ's 30th Anniversary: Government and Exchange Commit to Addressing Problem Firms and Fostering Innovation

Discussions on restructuring KOSDAQ's market structure have begun ahead of its 30th anniversary. The government and Korea Exchange (KRX) plan to address problematic firms, support innovative companies, and separate market segments to restore trust in the market. At a ceremony in Seoul, officials highlighted KOSDAQ's growth over 30 years, with over 5.4 times more listed companies, 73 times higher market cap, and 7,000 times greater trading volume. The government aims to strengthen productive finance through measures like expanding small-IPO limits, obliging major investment banks to supply venture capital, and creating a 2-trillion-won venture secondary fund. KRX plans to prioritize innovative firms through tailored tech exceptions and structural reforms to enhance market dynamism.