Chairman Son Byung-du Meets Korean Unicorns: "Focus on Future Growth Potential in Evaluation"

Meeting with CEOs of 6 Domestic Unicorn Companies

Son Byung-du, Chairman of the Korea Exchange (center), is speaking at a meeting with CEOs of unlisted K-unicorns held on the 18th at a hotel in Seocho-gu, Seoul.

[Asia Economy Reporter Minwoo Lee] Sohn Byung-doo, Chairman of the Korea Exchange, met with CEOs of domestic unicorns (unlisted companies valued at over 1 trillion KRW) to encourage them to list on the domestic stock market.

The Korea Exchange announced on the 18th that it held a 'Non-listed K-Unicorn CEO Meeting' with CEOs of six domestic unicorn companies at a hotel in Seocho-gu, Seoul, at 8 a.m. However, the list of attending companies was not disclosed at the request of the participating companies.

One unicorn CEO suggested, "There is a perception that listing reviews focus on current or short-term future profits," adding, "I hope that listing reviews will be conducted focusing on future growth potential so that more unicorns can be listed in the future."

Chairman Sohn explained, "Last month, we introduced a 'growth potential' criterion in the qualitative review to improve the system so that the review focuses on future growth potential such as expected profits and technological capabilities," and added, "We plan to continue improving any shortcomings and operate the listing procedures reasonably so that many domestic unicorn companies can smoothly list on our stock market."