Quotalab Announces Bid for Unlisted Stock Electronic Registration Institution: "Laying the Foundation for the KOSPI 4000 Era"

"Challenge to Become the First Private Electronic Registration Institution"
Collaboration with Venture and Financial Partners Including Commercial Banks
Preparation Underway for 'Korea Electronic Securities (Tentative Name) Establishment Task Force'

On December 23, Quotalab, a venture capital financial infrastructure company, announced its official entry into the government-led core infrastructure project for productive finance: the "New Electronic Registration Institution License Project Specialized in Unlisted Stocks."

Previously, the Financial Services Commission stated in a recent presidential work report that it would "extend and spread the momentum of the KOSPI 4000 era to the entire capital market." As part of this, it decided to open up the electronic registration business for stocks and bonds-which has been monopolized by the Korea Securities Depository for 52 years-specifically for the unlisted stock sector.

Choi Donghyun, CEO of Quotalab

'Prepared Technology and Operational Expertise' as Key Strengths

Since 2019, Quotalab has been leading the digitalization of the unlisted stock and venture investment markets, effectively serving as a de facto preliminary electronic registration institution in the private sector. The company has provided a reliable digital platform and consulting services to the unlisted stock and venture investment ecosystem, which had struggled with information asymmetry and inefficient manual management.

The market dominance and unparalleled operational expertise that Quotalab has built over the past six years are considered its greatest strengths. Quotalab has meticulously analyzed the blind spots of the Korea Securities Depository system, which is focused on listed stocks, and has researched and developed optimal models tailored to the unique characteristics of the unlisted market.

Quotalab plans to enhance the convenience and efficiency of small and venture companies through the soon-to-be-established electronic registration institution specializing in unlisted stocks. To achieve this, the company will actively pursue: 100% online and digitalization of work processes; reduced fees tailored to the realities of small and venture businesses; flawless security utilizing artificial intelligence (AI) and cloud technology; and integration with existing Software-as-a-Service (SaaS) solutions.

A Quotalab representative stated, "By increasing transparency and efficiency in the unlisted stock market, we aim to prevent related crimes. We believe that an electronic registration infrastructure with legal validity is essential for the growth of the Korean stock market, going beyond simple management software." The representative added, "Since early last year, we have operated a dedicated in-house team for unlisted stock electronic registration, consistently conducting legal reviews and developing core technologies."

Industry Consortium in Progress... "Ensuring Regulatory Compliance and Public Interest"

In line with the government's roadmap, Quotalab plans to form a consortium by entering into strategic partnerships with commercial banks and other relevant industry players, rather than proceeding independently. By combining the innovation expertise of the venture investment sector with the systemic stability of the financial industry, the company aims to create a sustainable venture and startup ecosystem characterized by innovation, public interest, and stability.

A Quotalab representative said, "In the first half of next year, we will launch the 'Korea Electronic Securities (tentative name) Establishment Task Force.' We are developing a business plan that fully meets the government's stringent review standards and security requirements, and we will focus all our capabilities on building next-generation IT infrastructure."

Choi Donghyun, CEO of Quotalab, stated, "As a new electronic registration institution equipped with both stability and innovation, we will support the growth of small and venture companies. Quotalab has been preparing to enter the electronic registration business to drive the digital transformation of the unlisted stock market, even before it attracted widespread attention. With the extensive preparation we have undertaken, we will establish ourselves as a core infrastructure company that guarantees transparency in productive finance through our well-prepared systems."