| Mobile Web

All articles List

Finance

Meritz Securities licensed to issue commercial paper, expands operators to nine

Meritz Securities has joined the commercial paper market after receiving designation as a major investment business operator and approval for short-term financing. The Financial Services Commission said it approved the designation for firms with at least 4 trillion won in equity capital and granted Meritz approval for short-term financing at a meeting on Sept. 23. The approval raises the number of eligible operators to nine.

Finance

Delisting firms falling short of market cap threshold gain path to KONEX under exchange rule revision

Korea Exchange revised its KONEX market listing rules to allow KOSPI and KOSDAQ companies designated as issues under administration solely for failing to meet market capitalisation thresholds to apply for a transfer listing on KONEX if they satisfy set financial requirements. Firms must meet profitability conditions or capital thresholds and have no capital impairment. The rule takes effect from Sept. 23, with deadlines for prior consultation and new listing applications.

AI & Enterprise

Wrtn steps up IPO plans for next year, appoints lead managers

Wrtn Technologies, an AI service platform company, said on Tuesday it appointed Mirae Asset Securities as lead underwriter and NH Investment & Securities as joint underwriter for its initial public offering. Wrtn plans to coordinate a detailed listing timetable and procedures with the firms, aiming to file for a preliminary listing review next year. In August, it raised 100 billion won in a Series C round, bringing total funding to about 230 billion won and valuing it at more than 1 trillion won.