| Mobile Web

Kosdaq at 30: government and exchange to weed out troubled firms and grow innovators

Discussion is gathering pace on restructuring South Korea’s Kosdaq market as it marks its 30th anniversary. The government and Korea Exchange plan to restore trust by removing troubled firms, supporting listings of innovative companies and separating market segments. Authorities also aim to expand productive finance for innovative companies, including raising small public offering limits and forming a venture secondary fund worth at least 2 trillion won, while stepping up enforcement against unfair trading.