Kosdaq Index Committee reviews Kosdaq 50 every six months and advises on Kosdaq 50 index rule. In order to be included in Kosdaq 50, an issue should meet liquidity conditions and have trading history of minimum six months. Exceptionally newly listed issues traded for three months or more can be inserted into the index if they record remarkably high in terms of market capitalization, trading value and turnover ratio.
The Committee of Feb 26 has decided that eight companies are replaced. Among the eight new comers, three are issues that were listed in 2001 and one of the three are comes under the case of exception. The newly added companies include: Kangwon Land, KOREIT, Daiwon CA, IBK, LeadCorp, KT Hitel, Kyobo SEC, C&C Enterprise. Constituent replacements will be effective from March 15, 2002.
The Kosdaq Stock Market was established in 1996 as South Korea's market for SME and venture firms. It lists 780 companies of which 181 were newly listed in 2001. For more information about Kosdaq, visit the Kosdaq website at http://www.kosdaq.or.kr/