Exchange, Alteogen and 35 Other Companies Selected as '2020 KOSDAQ Rising Stars'

[Asia Economy Reporter Song Hwajeong] The Korea Exchange announced on the 1st that it has selected 35 KOSDAQ-listed companies with excellent technological capabilities and growth potential as the '2020 KOSDAQ Rising Stars.'

The Exchange has been conducting the Rising Star program since 2009 to discover promising small and medium-sized enterprises and support their mid- to long-term growth, thereby revitalizing the KOSDAQ market. This year, 17 companies with innovative technologies in various industrial fields such as fintech, secondary batteries, air pollution management, and improved new drugs were newly selected. Newly chosen Rising Stars include Alteogen, Green Cross Cell, Raon People, LegoChem Biosciences, ITM Semiconductor, EcoPro, L&C Bio, Webcash, Jusung Engineering, Remed, STI, M Plus, Enbionia, Intek Plus, Genoray, Jinseong TEC, and PharmaResearch Product.

The KOSDAQ Rising Stars are finally selected through quantitative evaluations of market dominance, profitability, growth potential, technological capability, and financial stability, as well as qualitative evaluations through CEO interviews, followed by deliberations by a selection committee composed of external experts. Selected companies receive benefits such as annual fee support, exemption from listing fees, hosting of investor relations (IR) presentations, publication of corporate analysis reports, and support for establishing internal accounting management systems.