Kamco Collaborates with KOSDAQ Association to Support KOSDAQ Companies

[Asia Economy Reporter Eunju Lee] On December 8, Korea Asset Management Corporation (KAMCO) signed a 'Business Agreement on Joint Cooperation for Corporate Support' with the KOSDAQ Association (Chairman Jang Kyung-ho) at the KOSDAQ Association's main conference room (Yeongdeungpo-gu, Seoul).

The two organizations prepared this agreement to jointly explore support measures for small and medium-sized KOSDAQ companies facing difficulties securing operating funds due to the recent deterioration of domestic and international economic conditions such as interest rate hikes and exchange rate increases.

According to the agreement, KAMCO will provide various corporate support programs to facilitate smooth financing and restructuring of KOSDAQ companies. Additionally, the two organizations plan to closely cooperate to seek efficient corporate support measures by exchanging information related to KOSDAQ companies and jointly hosting research, seminars, and workshops in related fields such as corporate restructuring.

Kwon Nam-joo, President of KAMCO, stated, “It is meaningful to establish a proactive cooperation system for KOSDAQ companies amid the ongoing complex crisis of high interest rates, high exchange rates, and high prices,” and added, “Going forward, the two organizations will strengthen their joint roles to support KOSDAQ companies in overcoming temporary crises and achieving sustainable growth.”