Listing criteria is divided into quantitative and qualitative criteria. Quantitative criteria can be classified into corporate size, financial conditions, stability, etc., while qualitative criteria is classified into sustainability and transparency of corporate management, and the matters related to corporate disclosure and protection of interests of shareholders.
The KOSPI market and KOSDAQ market are designed to be suitable for medium and large sized blue chip companies and medium and small sized venture companies respectively, and the corporations can apply for listing by choosing the market appropriate for them in accordance with their financial status and business characteristics.
Corporate size requirements for the KOSPI market are composed of equity capital, total number of stocks to be listed and sales amount, which specify the minimum size that the listed corporations shall keep.
The following are general corporate size requirements: please refer to the KOSPI market listing regulation for the details.
|Items||Domestic corporation||Foreign corporation|
|Equity capital||KRW 30 billion or more|
|Total number of stocks to be listed||1 million shares or more||1 million shares or more through public offering in Korea|
|Sales amount||KRW 100 billion or more for the latest fiscal year, and KRW 70 billion or more on average for the latest 3 fiscal years|
The sales amount of a holding company shall be calculated by adding up the amounts earned by multiplying the sales amounts of a subsidiary for each fiscal year by the percentage of a stake in the subsidiary at the time of applying for listing eligibility review
Quantitative criteria of the KOSDAQ market are composed of equity capital and number of elapsed year since incorporation, which specify the minimum size that the listed corporation should keep in order to maintain their status. The following are general corporate size requirements: please refer to the KOSDAQ market listing regulation for the details.
|Items||Large company||General company||Venture company||Growth technical company|
|Equity capital||KRW 100 bil. or more||KRW 3 bil. or more||KRW 1.5 bil. or more||KRW 1 bil. or more|
|Number of elapsed year since incorporation||At least 3 years||At least 3 years||-||-|
|Market capitalization||KRW 200 bil. or more||KRW 9 bil. or more|