Korea Exchange to implement 2-tier segmentation in KOSDAQ market next year
A senior executive at the Korea Exchange (KRX) said Tuesday the bourse operator will implement a two-tier segmentation system in the KOSDAQ market next year, in a bid to reinvigorate the secondary stock market. Choi Ji-woo, senior executive at the KRX, made the remarks at an investor fair in Seoul earlier in the day. Under the proposed plan, the listed firms on the KOSDAQ market will be divided…
The Korea Exchange (KRX) plans to introduce a two-tier segmentation system in the KOSDAQ market next year, according to a senior executive. The operator aims to revitalize the secondary stock market. At an investor fair in Seoul, Choi Ji-woo, a KRX executive, disclosed the proposal. The KOSDAQ market currently hosts about 1,800 listed firms.
The new system would categorize these firms into two segments: a premium sector for leading companies and another for underperforming firms. This division is designed to foster a market environment where KOSDAQ-listed companies can continue to thrive and investors can identify promising opportunities more efficiently. Currently, KRX is working on reforming the delisting process for firms that may not be viable in the long term.
To garner investor confidence, the exchange intends to hold a public hearing in the fourth quarter of this year to commence work on the proposed segmentation system.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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