WantedLab Receives Approval for KOSDAQ Listing Preliminary Review Application

Preliminary Approval for Growth Special Listing... Scheduled to List on KOSDAQ Market in the Second Half of the Year

[Asia Economy Reporter Kim Jong-hwa] WantedLab Inc. (CEO Lee Bok-gi), an AI-based recruitment platform company, passed the preliminary review for the KOSDAQ market growth special listing on the 15th. Accordingly, WantedLab plans to submit a securities registration statement and proceed with an initial public offering (IPO) within this year. The lead underwriter for the listing is Korea Investment & Securities.

WantedLab's core competency is its data-driven recruitment service utilizing the AI engine of its recruitment platform 'Wanted.' Founded in 2015, WantedLab led market changes by implementing online referral and headhunting services. Recently, it has been providing a service that predicts applicants' acceptance outcomes using AI, and it is analyzed that the acceptance rate increases more than fourfold when AI recommendations are utilized.

In 2018, WantedLab acquired the corporate information site CreditJob and secures salary and employment data of 420,000 domestic companies monthly. This data is combined with over 1.9 million real-time matching data within the platform to predict applicants' acceptance outcomes.

Additionally, WantedLab is expanding its services in line with changes in supply and demand in the recruitment market, including the freelancer matching service 'Wanted Gigs' and the subscription service for job-related education and lecture content 'WantedPlus.' This year, it also acquired the one-stop HR platform 'CommonSpace' to strengthen HR services for companies.

Lee Bok-gi, CEO of WantedLab, stated, "Building on the success of Wanted, a data-driven recruitment service, we are focusing on securing the technology necessary for expanding both B2C and B2B businesses." He added, "Through the listing, we plan to solidify our position in the recruitment market and actively expand new businesses and enter the global market using the proceeds from the public offering."