Exchange Signs MOU with Korea Technology Credit Rating for Specialized Evaluation of Technology Special Listings

Hong Soon-wook, Head of the KOSDAQ Market Division at Korea Exchange (left), and Nam Wook, CEO of Korea Technology Credit Rating (right), are posing for a commemorative photo after signing a business agreement at the "Business Agreement Ceremony for Specialized Evaluation of KOSDAQ Technology Special Listing." / Photo by Korea Exchange

[Asia Economy Reporter Myunghwan Lee] The Korea Exchange announced on the 23rd that it has signed a Memorandum of Understanding (MOU) on mutual cooperation with Korea Technology Credit Bureau (KTCB).

Under this agreement, both organizations will establish a cooperative relationship for specialized evaluation tasks to promote the listing of outstanding technology companies on the KOSDAQ market.

The number of companies applying for specialized technology evaluation, a preliminary step for KOSDAQ technology special listing, reached 81 last year, the highest since the system was introduced in 2005. Companies can apply for technology special listing if the evaluation grade from the specialized evaluation agency meets a certain level or higher.

Through this MOU, the Exchange has secured 23 specialized evaluation agencies to conduct specialized technology evaluations.

Nam Wook, CEO of Korea Technology Credit Bureau, said, "This agreement will serve as an opportunity to provide technology credit evaluation services based on Korea Technology Credit Bureau’s differentiated big data on technology patent information to the capital market."

Hong Soonwook, Head of the KOSDAQ Market Division at the Korea Exchange, stated, "Through continuous expansion of specialized evaluation agencies, the accessibility of outstanding technology companies to the capital market will be further improved, and the thoroughness of technology evaluations will be continuously enhanced."

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