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On Monday, July 28, the Korea Exchange (KRX) concluded an MOU with the Korea Technology Finance Corporation (KIBO) in order to support the listing of quality small and medium-sized enterprises (SMEs) and venture companies that are oriented towards technological innovation.
As per the agreement, the KIBO will actively search quality companies which have the potential to be listed amongst those that received the technology guarantee or technology appraisal from the KIBO.
The KRX will provide various services such as (1) customized consulting that meets relevant companies' listing demand and (2) presentation on the listing to support the listing in the KONEX and the KOSDAQ markets.
In addition, the two institutions agreed to expand the utilization of technology appraisal of the KIBO in the review by the KRX of listing eligibility of quality technology companies in the future.
Through the MOU between the two institutions, it is expected that a systematic infrastructure will be established that supports the listing of technological innovation-oriented SMEs with growth potential .
The KIBO expects to create a virtuous cycle whereby the listing of companies in KONEX market would lead to early recouping of investment and reinvestment in other technology SMEs. Also, the KRX plans to vitalize the capital market by attracting quality technology companies on the stock exchange.
The two institutions agreed to strengthen their business cooperative ties in the future to promote the listing of quality SMEs with technological innovation.
