Listing Requirements for the KOSDAQ Market (As of 6.18.2014)
Listing Requirements for the KOSDAQ Market (As of 2.22.2013)
  General Company Venture Company Growth Technical Company
Years in operation since incorporation At least 3 years n/a n/a
Business size
(① or ②)
① Equity Capital1) At least KRW 3 billion1) At least KRW 1.5 billion1) At least KRW 1 billion1)
② Base Market Capitalization At least KRW 9 billion
Distribution of stocks To meet any one of the following requirements :
  1. No. of minority shareholders at least 500; At least 25% of shares held by minority shareholders; At least 5% of shares to be publicly offered after submission of application for listing eligibility review (if minority shareholders hold less than 25% of shares, at least 10% of shares to be publicly offered)
  2. Equity capital at least KRW 50 billion; No. of minority shareholders at least 500; At least 10% of shares to be publicly offered after submission of application for listing eligibility review & higher than a certain number of shares by size of capital or market capitalization
  3. At least 25% shares to be publicly offered & no. of minority shareholders at least 500
Financial status1) No impairment of capital stock1)
(※ Not applicable to large-sized company)
Capital impairment rate of less than 10%
Audit opinions of CPA auditor Unqualified opinion on the financial statements of the latest fiscal years
(Including the audit opinion on the consolidated financial statement, if the company is subject to the preparation of consolidated financial statement)
Earnings Positive income from ongoing business
(※ Not applicable to Large-sized company)
(If the company is subject to the preparation of consolidated financial statement, it shall be based on the consolidated financial statement)
n/a
Profit size1), sales amount2) & total market capitalization To meet any one of the following :
  1. ROE1): Higher than 10%
  2. Net Income1): Higher than KRW 2 billion
  3. Sales amount2): Higher than KRW 10 billion & Total market capitalization: Higher than KRW 30 billion
  4. Sales Growth: Higher than 20% & Sales amount: Higher than KRW 5 billion
To meet any one of the following :
  1. ROE1): Higher than 5%
  2. Net Income1): Higher than KRW 1 billion
  3. 3)Sales amount2): Higher than KRW 5 billion & Total market capitalization: Higher than KRW 30 billion
  4. 4) Sales Growth: Higher than 20% & Sales amount: Higher than KRW 5 billion
n/a
Restriction on disposal of shares held by Largest Shareholder, etc. 6 months 1 year
Other qualitative requirement No restriction placed on transfers of shares
fn. 1)
In case of company subject to the preparation of consolidated financial statement, the consolidated financial statement shall be used as the basis, but the non-controlling interests shall be excluded from equity capital
fn. 2)
Limited to the sales of goods and provision of services (In case of holding company, it refers to the sales amount stated in the consolidated financial statement)
  • Note1) ROE(Return on Equity) = Net Income / Equity Capital x 100
  • Note2) Growth Technical Company: The company that has received the higher than A and BBB grade in the assessment of technology capability by multiple professional appraisal agencies.
  • Note3) Large-sized company : The company with equity capital over KRW 100 billion or base market capitalization at least KRW 200 billion (as of the submission date of application for listing eligibility review)
Listing on KOSDAQ
Please call the number below for inquiries.
Listing Promotions : +82 2 3774 4510~6 / listing@krx.co.kr
Content Manager
  • Listing Qualification Review Ⅰ 02-3774-9734
  • Listing Qualification Review I 02-3774-9493