IBK Industrial Bank of Korea has launched an IR support event linking listed companies and investors to help revitalise the KOSDAQ market and strengthen funding foundations for small and venture firms.

The bank said on May 12 it held the 'IBK KOSDAQ Boom Up Day' event to ease information asymmetry in the KOSDAQ market and strengthen the funding base for small and venture firms.

It plans to expand IR opportunities for KOSDAQ companies and encourage the publication of research reports to raise market credibility.

The KOSDAQ market is being assessed as falling short of expectations in its role in the venture capital ecosystem despite growth in scale such as the number of listed firms and market capitalisation. It said problems persist in which strong small companies are undervalued due to low participation by institutional investors and a lack of research information.

The bank formed the 'IBK KOSDAQ Revitalisation TF' in March and is 추진하고 있다. It is promoting the publication of analysis reports on KOSDAQ-listed firms and policies, IR support and investor connections for strong companies, and the discovery of companies with IPO potential.

Jang Min-young (장민영), president of IBK Industrial Bank of Korea, said KOSDAQ is an important market for the growth of small and venture firms and the supply of innovation funding. He said the bank will actively support efforts so that the value and growth potential of strong companies can be properly conveyed to the market.