Thursday March 17 2022
News Source: Global Exchanges
Focus: Stock Exchange Regulation
Type: General
Country: Korean Republic
The Korea Exchange (KRX) has announced that it is planning to revise the Korea New Exchange (KONEX) Market regulations related to trading, listing, and disclosure and the listing regulation of the Korean Securities Dealers Automated Quotations (KOSDAQ) Market.
According to the plan, the current basic deposit will be removed in order to improve the investment accessibility of individual investors toward the KONEX Market.
To lower the burden of listing maintenance for listed corporations on the KONEX Market, the disclosure obligation on behalf will be eased, and the obligation to provide liquidity is partially exempted.
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