Foreign IPOs
It is expected that five or more foreign enterprises will be listed on the Korean stock market this year. The number stood at just one in 2013.
According to financial industry sources, at least five non-Korean companies are currently making preparations to go public in the Korean stock exchange by means of underwriter contracts or the like.
One of them is PSI, which is a big data company headquartered in Washington D.C. and has provided information management systems for New York City and the Federal Drug Administration. It is also said that a US biotech company located in the western US is carrying out a market survey to decide whether or not to follow it.
At the same time, European corporations are also knocking on the door of the Korean stock market. Examples include London-based TV program, film producer and distributor Content Media; and M-Biz Global of Switzerland. Chinese pharmaceutical company Tongrentang; the Philippines’ BXT in the hotel, resort and theme park sector; Indonesia’s largest home shopping company Lejel; and Australia’s Fast Future Brands are making similar attempts, too.