Criteria GLOBAL PREMIER EXCHANGE

Listing Requirements for the KOSDAQ Market (As of 4/17/2019)
Listing Requirements for the KOSDAQ Market (As of 4/17/2019)
Classification Standard Company (Including Venture Company) Technology Growth Company
Based on profitability and sales Based on market valuation and growth potential Exceptions for technology assessment Recommendation on growth potential
Distribution of stocks (optional)
  1. At least 500 minority shareholders and at least 25% of stock owned by minority shareholders, at least 5% in publicly offered stock after application for listing eligibility review (at least 10% if less than 25% of stocks owned by minority shareholders)
  2. At least KRW 50 billion in equity capital, at least 500 minority shareholders, at least 10% in publicly offered stock after application, and at least a certain number of shares by size
  3. At least 25% in publicly offered stock and 500 minority shareholders
Management performance and market valuation (optional)
  1. At least KRW 2 billion in pre-tax income from continuing operations (KRW 1 billion for venture companies) and at least KRW 9 billion in base market capitalization
  2. At least KRW 2 billion in pre-tax income from continuing operations (KRW 1 billion for venture companies) and at least KRW 3 billion in equity capital (KRW 1.5 billion for venture companies)
  3. Positive pre-tax income from continuing operations and at least KRW 20 billion in base capitalization and at least KRW 10 billion in sales (KRW 5 billion for venture companies)
  4. At least KRW 5 billion in pre-tax income from continuing operations
  1. At least KRW 50 billion in base market capitalization and at least KRW 3 billion in sales and at least 20% average growth rate for sales over the latest two (2) business years
  2. At least KRW 30 billion in base market capitalization and at least KRW 10 billion in sales (KRW 5 billion for venture companies)
  3. At least KRW 50 billion in base market capitalization and at least 200% PBR
  4. At least KRW 100 billion in base market capitalization
  5. At least 25 billion in equity capital
  1. At least KRW 1 billion in equity capital
  2. At least KRW 9 billion in base market capitalization
The company concerned must be evaluated by a specialized assessment institution and the result must be a rating of A or higher. The company concerned must be a small or medium enterprise whose growth potential has been evaluated and recommended by the listing sponsor.
Audit opinions Unqualified opinion for the latest business year
Management transparency (governance structure) Satisfaction with qualifications of outside directors and standing auditor
Other requirements No restrictions on transfers of shares
Other qualitative requirements Comprehensive consideration of corporate growth potential and sustainability, management transparency and stability, investor protection, sound development of the KOSDAQ market, characteristics of the industry sector, impact on job creation, and contribution to the national economy
  • Technology growth company: A company that has received at least an A grade or higher and a BBB grade or higher on the assessment of its technology by multiple specialized assessment institutions.
Fast-track Listing on the KONEX Market
Fast-track Listing on the KONEX Market
  Common requirements Requirements by track
Track 1
  1. At least one (1) year of elapse after being listed on the KONEX market
  2. Recommendation from the designated advisor (listing sponsor)
  3. Satisfaction with soundness of corporate management
  1. Positive operating income in the latest business year
  2. At least KRW 10 billion in sales for the latest business year
  3. At least KRW 30 billion in base market capitalization
Track 2
  1. At least 10% return on equity for the business year immediately preceding the latest business year
  2. At least KRW 2 billion in income from continuing operations and at least 10% return on equity for the latest business year
Track 3
  1. At least KRW 2 billion in income from continuing operations and at least 20% return on equity for the latest business year
Track 4
  1. At least a 20% rate of increase in sales
  2. At least KRW 20 billion in sales for the latest business year
  3. At least KRW 1 billion in operating income
Track 5
  1. At least 10% minority shareholders
  2. An average daily market capitalization of at least KRW 200 billion and exceeding the capital stock.
  3. At least KRW 300 billion in total base market capitalization
Fast-track listing following a merger
  1. At least KRW 1 billion in net income during each of the two (2) latest business years
  2. Positive operating income during each of the latest two (2) business years
Listing on KOSDAQ
Please call the number below for inquiries.
Listing Promotions : +82 2 3774 4510~6 / [email protected]
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