Korea Exchange to implement 2-tier segmentation in KOSDAQ market next year
SEOUL, Sept. 29 (Yonhap) -- A senior executive at the Korea Exchange (KRX) said ...
Korea Exchange (KRX) plans to introduce a two-tier segmentation system in the KOSDAQ market next year, according to a senior executive at the bourse operator. KRX CEO Choi Ji-woo announced the proposal at an investor fair in Seoul, aiming to invigorate the secondary stock market. The proposed plan would categorize listed firms into two segments - a premium sector for leading companies and a second sector for underperforming firms.
This segmentation would create a more efficient market environment, enabling KOSDAQ-listed firms to continue growing and attracting investors. Currently, the KOSDAQ market has approximately 1,800 listed firms. Choi emphasized that the segmentation would make the secondary market more reliable, and the bourse operator will reform the delisting process for potentially unviable firms to boost investor confidence.
The KRX plans to hold a public hearing in the fourth quarter of this year to initiate work on the proposed segmentation system.
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