The Korea Technology Finance Corporation (KOTEC) announced on July 28 that they signed an MOU with Korea Exchange (KRX) to support the IPOs of strong small-sized and venture technological innovating companies.
Through this MOU, KOTEC will actively explore strong companies eligible for IPOs among companies in which technology financing and evaluations are conducted. KRX will provide relevant services to meet IPO demands, such as customized consultations and presentations on how to be listed in KONEX and the KOSDAQ.
The two organizations also agreed to collaborate to maximize technology evaluations when companies with strong technology capabilities are going through IPO screening.
An official at KOTEC said, “This MOU will establish the systematic infrastructure to support the IPOs of strong small companies who have great growth potential based on technological innovations. KOTEC will set up a positive feedback structure to collect investment early enough and reinvest again by listing technologically strong companies. At the same time, KRX will try to revitalize the capital market by listing those candidate companies.” The two organizations will continue to cooperate afterwards to help technologically-innovative companies to be listed in markets.