The Korea Exchange (KRX), the main bourse operator of the Republic of Korea, has introduced new review criteria for initial public offerings (IPOs) aimed at companies involved in core technologies, such as artificial intelligence (AI).
The KRX said that the bourse operator has completed amendments to its listing regulation enforcement rules as part of efforts to enhance the credibility of the KOSDAQ market.
As part of the revision, the KRX will implement industry-specific technology review criteria tailored to support the expedited public listing of companies within key technology sectors.
Furthermore, the bourse operator plans to establish distinct review standards for each segment of the AI value chain, covering areas such as semiconductors, AI-related software, and power supplies.
According to the statement, the KRX also plans to strengthen the listing maintenance rule for KOSDAQ-listed companies starting this month.
Under the new rule, the minimum market capitalization threshold for delisting will be raised to $10.4 million (15 billion won) from the current 4 billion won, the bourse operator said.
Korea Exchange (KRX)
The Korea Exchange is the main stock exchange operator in the East Asian nation, playing a key role in the country’s financial markets. KRX manages multiple platforms for trading stocks, bonds, and derivatives, including the KOSPI (Korea Composite Stock Price Index) and KOSDAQ (Korea Securities Dealers Automated Quotations).
As the central hub for the country’s capital markets, KRX facilitates the listing of public companies and provides a wide range of services such as market supervision, clearing and settlement, and investor protection.
