Wednesday January 13 2021
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: Korean Republic
On 12th January 2021, the Korea Exchange(KRX) announced that it plans to make some improvements in its technology evaluation scheme and implemented it on January 1, 2021, so that the technology evaluation for the special listing in the KOSDAQ market can be conducted more efficiently and reasonably. Corporations may apply for the preliminary listing review if their technology evaluation grade is above a certain level (A and BBB).
The reliability of the technology evaluation will improve by readjusting evaluation indicators and specifying the details of each evaluation indicator.
Major Improvements
After collecting opinions from evaluation agencies and investment banks (IB), the evaluation indicators for technology and marketability have been expanded and re-organized, and key contents and cautious matters for each evaluation indicator were prepared.
Changes in evaluation system: Major categories of the technology evaluation were readjusted, and the main evaluation indicators were clarified through the subdivision of evaluation contents.
Expected Effects
The quality of the special listing for high-tech corporations can be promoted by enhancing the reliability of technology evaluation through reducing the evaluation grade deviation of each evaluation agency and maintaining a certain level of evaluation quality when technology evaluation agencies conduct technology evaluation.
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