KOSDAQ Promotion System May Start in October, Premium Tier Capped Under 100 Firms

The government and Korea Exchange are expected to launch a new promotion and relegation system for the KOSDAQ market as early as October this year. The core plan is to divide KOSDAQ-listed companies into three leagues: Premium, Standard, and Management. According to the original report, the Premium league, effectively the first division of KOSDAQ, is expected to be narrowed to fewer than 100 companies. The measure is aimed at revitalizing the KOSDAQ market by classifying companies into different tiers and strengthening market confidence. Once implemented, whether a company is included in a specific league could draw investor attention and affect market evaluations. Source: mk.co.kr