KOSDAQ Top League May Be Capped Under 100 as Promotion System Nears October Launch

The Korean government and Korea Exchange are preparing a promotion and relegation system for the KOSDAQ market, with operations expected to begin as early as October this year. The system would divide listed KOSDAQ companies into three groups: Premium, Standard and Management. The Premium group, effectively the market’s top league, is being discussed as a category limited to fewer than 100 companies. The aim is to classify the market, highlight stronger companies and distinguish firms requiring closer management. If implemented, the system could affect how KOSDAQ companies are positioned and perceived by investors. Source: mk.co.kr