Gem Co., Ltd. announced that it has signed a designated advisor appointment contract with Hanyang Securities to pursue listing on KONEX.
Gem is a lighting specialist company recognized for its technological expertise and production capabilities, holding 45 patents (36 related to lighting, 9 related to design), as well as certifications such as Excellent Procurement Product from the Public Procurement Service and Quality Assurance Procurement Product designation. The company also operates an online shopping mall called 'Ddakmol.'
According to a company representative, Gem is planning to pursue a KONEX listing within the first half of this year. The appointment of the designated advisor is seen as a step that makes Gem’s listing more tangible. Listing on KONEX, a stock market dedicated to small and medium-sized enterprises, allows for an objective evaluation of corporate value, and after meeting certain requirements post-listing, the company can transfer to KOSDAQ.
Kim Seung-chan, CEO of Korea Venture Management Institute, stated, “Following the KONEX listing, Gem is a company that can reasonably be expected to transfer to KOSDAQ within 1 to 2 years. In particular, its excellent technological capabilities and strong sales flow suggest continuous growth in the future.”
In fact, Gem’s sales revenue was approximately 6.8 billion KRW in 2013, exceeded 10 billion KRW in 2014, surpassed 20 billion KRW in 2017, and recorded sales of over 25 billion KRW in 2019.
Park Chun-ha, CEO of Gem Co., Ltd., expressed gratitude, saying, “I am thankful to the executives, employees, stakeholders, and customers who have helped grow the company to the point of preparing for a KONEX listing.” He added, “Also, the personal investment association managed by Korea Venture Management Institute, which has steadily supported the company since 2014, has been a great source of strength.” He concluded with a commitment, “We will continue to strive and further develop the company.”
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