12 Billion KRW Support for Various Fees to KONEX Market Listed Companies

Support for External Audit and Designated Advisor Fees Within 65 Million KRW Per Company

KONEX CI

[Asia Economy Reporter Minwoo Lee] The KONEX Association will provide approximately 1.2 billion KRW in government funding to companies listed on the KONEX market.

On the 24th, the KONEX Association announced that it will implement the "2021 KONEX Market Revitalization Support Project," which supports part of the costs required for listing and maintaining on the KONEX market through government budget (national subsidies). The purpose is to enable early-stage innovative companies with high future growth potential to grow through the capital market.

This year, the support targets newly listed companies on the KONEX market that operate in three key growth industries: bio, future vehicles, and non-memory semiconductors, or are venture companies.

Within a total budget limit of 1.235 billion KRW, eligible companies will be selected on a first-come, first-served basis to support listing costs. Specifically, 50% of the fees paid for external auditor audit fees, designated advisor listing support fees, and designated advisor listing maintenance support fees for listing and maintaining on the KONEX market will be supported. However, the support amount per company is capped at 65 million KRW.

Applications can be submitted via email until 6 PM on December 15. For more details, please refer to the notices on the KONEX Association website.

A KONEX Association official stated, "By alleviating the burden of entry costs and enabling companies to list on the KONEX market, a growth support platform for SMEs, we aim to establish a foundation that allows early innovative companies to achieve innovative growth through a virtuous cycle structure in the SME and venture ecosystem."