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Exchange tightens oversight of KOSDAQ technology listings, sets basis to publish low-PBR firms

Korea Exchange will strengthen post-listing oversight of KOSDAQ companies listed under technology and profit-unrealised special tracks and set a basis for running a system to publish lists of low price-to-book ratio firms. It will also refine rules for listings involving issuers of multiple-voting shares. The exchange said revised listing rules and detailed regulations take effect from July 2 as follow-up measures to initiatives to boost trust and innovation in KOSDAQ and improve capital market fundamentals.