The government will hold a meeting on November 13 to discuss measures aimed at revitalizing the KOSDAQ market.
According to the Korea Exchange and financial investment industry sources, the Financial Services Commission plans to convene the meeting at the Korea Exchange in Yeouido, Seoul, on the morning of November 13. The event will be chaired by Financial Services Commission Chairman Lee Ok-kyu, and it is expected that capital market experts will also attend. President Lee Jae-myung's potential participation has also been reported.
Industry insiders anticipate that the meeting will outline specific government policies to enhance the KOSDAQ market. Key issues will likely include expanding information disclosure for listed companies and revising criteria for the delisting of underperforming firms.
Among the topics expected to be discussed is the potential mandatory implementation of investor relations (IR) sessions to strengthen the provision of investment information for KOSDAQ-listed companies. The future direction of the market capitalization-based delisting system, which has recently faced delays due to a court's injunction, is also anticipated to be a focal point of the discussions.
Previously, President Lee Jae-myung stated during a press briefing at the Blue House on October 19 that "the stock market is significantly undervalued" and indicated that he would soon receive a comprehensive report on stock market measures and review necessary policies.
* This article has been translated by AI.
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