Korea Exchange Partners with Daegu City and Daegu Bank to Support Local Leading Companies

Various Support for Investment Attraction and Listing

From the left, Daesu Kwon, President of Daegu Technopark; Youngwoon Kim, Vice President of Daegu Bank; Haeyong Jeong, Vice Mayor of Daegu Metropolitan City; Soonwook Hong, Head of KOSDAQ Market Division at Korea Exchange; Chulyoung Park, Executive Director of Korea Securities Depository; Yoonkook Kim, Vice President of Hi Investment & Securities (Photo by Korea Exchange)

[Asia Economy Reporter Minwoo Lee] The Korea Exchange has joined hands with five related organizations, including Daegu City, to attract investment in and support the listing of promising local companies.

On the 27th, the Korea Exchange announced that it signed a business agreement with Daegu City, Daegu Technopark, Daegu Bank, Hi Investment & Securities, and the Korea Securities Depository regarding this matter.

Through this, the Korea Exchange plans to support and provide consulting for local companies' registration on the Korea Exchange Startup Market (KSM) and listings on the KONEX and KOSDAQ markets. Daegu City will be responsible for administrative and financial support necessary for attracting investment and initial public offerings (IPO) of local companies. Daegu Technopark will discover promising companies, and Daegu Bank will provide management consulting needed for each stage of company growth. The Korea Securities Depository will assist in attracting investment through securities-type crowdfunding. Hi Investment & Securities will support comprehensive services required for investment and listing.

Hong Soon-wook, Head of the KOSDAQ Market Division at the Korea Exchange, stated, "We hope this agreement will serve as an opportunity to contribute to revitalizing the local economy through the growth of promising companies and job creation in the region."