IBK Industrial Bank of Korea Joins Forces with KOSDAQ Listed Companies Association to Revitalize the KOSDAQ Market

"KOSDAQ Revitalization TF"
KRW 337.5 billion in investments and fund assets under management
Consulting and IPO support for 114 companies

IBK Industrial Bank of Korea is joining forces with the KOSDAQ Listed Companies Association to expand financial and non-financial support for KOSDAQ companies. The two organizations will identify companies' management difficulties and policy needs, and pursue joint projects to invigorate the KOSDAQ market.

IBK said it signed a business agreement with the KOSDAQ Listed Companies Association on November 6 at its headquarters in Euljiro, Seoul, to "invigorate the KOSDAQ market and strengthen the foundations for KOSDAQ companies' growth." The agreement is part of the activities of the "KOSDAQ Revitalization Task Force (TF)" launched by the IBK Financial Group in February. The TF was formed to address information asymmetry in the KOSDAQ market and support the sustained growth of small and venture companies.

Under the agreement, the two organizations will work together to expand financial and non-financial support for KOSDAQ companies, identify companies' management difficulties and policy needs, and develop joint projects to invigorate the KOSDAQ market. Through October, the TF recorded KRW 337.5 billion in pre-IPO and mezzanine investments and fund assets under management, and published 178 reports analyzing KOSDAQ companies. It also provided 114 cases of value-up consulting and IPO support.

"This agreement will provide an opportunity to connect our ongoing efforts to support KOSDAQ more closely with companies on the ground," said Jang Min-young, president of IBK Industrial Bank of Korea. "We will continue working closely with the KOSDAQ Listed Companies Association to improve small and medium-sized companies' access to capital markets and do our utmost to invigorate the KOSDAQ market."

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