The chief of Korea's stock market operator has committed to a comprehensive overhaul of the KOSDAQ market, pledging to restore investor confidence through enhanced transparency and structural reforms.
The announcement signals a direct response to ongoing concerns regarding market integrity and liquidity in the secondary board, which has faced scrutiny over governance standards and price volatility among smaller technology issuers.
According to Yonhap, the exchange operator emphasized that the upcoming measures are designed to fortify the market's foundation, ensuring that the tech-heavy index can develop sustainably.
The focus on transparency suggests a tightening of disclosure requirements and potentially stricter listing standards, aligning with broader regulatory efforts to improve market quality in Seoul.
This push for reform comes as South Korea's financial regulator recently mandated that all listed companies disclose comprehensive details regarding their Treasury stock holdings.
That regulatory move, approved by the Cabinet, aims to increase visibility into corporate capital management and reduce information asymmetry for investors.