Steps		Descriptions
Advance preparation	Audit by an external auditor	Audit of the annual report of the latest fiscal year by an auditor approved by the Financial Supervisory Commission (hereafter referred to as “FSC”)
	Corporate registration	Registration of the company with the FSC
Preparation	Arrangement with a lead manager	Appoint a lead manager and make a business arrangement before filing an application
	Amendment of the Articles of Incorporation(AI)	The standard AI formulated by Korea Listed Companies Association may be used as reference
	Entry into an arrangement for transfer agent services	Transfer agent services can be made with either Korea Securities Depositary, Kookmin Bank or Hana Bank
	Establishment of employee stock ownership plan	Not mandatory for foreign companies
	Prior consultation with the KRX	Matters relating to listing requirements, time, etc. should be consulted
Listing Eligibility Review	Application for listing eligibility examination	Application for listing eligibility Examination should be filed
	Examination of listing eligibility	Both qualitative and quantitative requirements are considered
	Review by the Listing Committee	Appropriateness of listing is reviewed and final decision is made
	Notification of the result of listing eligibility examination	Both the concerned company and the FSC are notified
Public Offering	Filing securities registration statement	The statement should be filed with the FSC (effective after 15 days)
	Estimation of the demand and pricing	After estimating the demand, price is determined in consultation with lead manager
	Subscription, allotment and payment of securities	Registration after making payment of securities
	Filing of report on record of stock issuance	Record of stock issuance is filed with the FSC
Listing	Application for listing	Listing application should be submitted by the payment date
	Listing and trading