Korea Exchange (KRX) will prepare listing rules tailored for artificial intelligence (AI) and space corporations.
According to the investment bank (IB) industry on the 23rd, the KOSDAQ Market Division of Korea Exchange (KRX) on the previous day posted the "Partial Amendment to the Detailed Enforcement Rules of the KOSDAQ Market Listing Regulations" on the KRX legal portal, giving notice of the revision of the detailed enforcement rules of the listing regulations.
The partial amendment centers on creating customized qualitative review standards for innovative technology industries and was pushed as part of the "Plan to enhance trust and innovation in the KOSDAQ market." It is understood that the review by the risk management department has also been completed.
Korea Exchange (KRX) said it will apply customized review standards that reflect the structure and characteristics of the industry when corporations in innovative technologies such as AI, new and renewable energy and energy storage systems (ESS), and aerospace pursue listings.
For example, in the case of AI corporations, they will be categorized as "corporations related to AI Semiconductor design and production," "corporations related to AI model and application development," and "corporations related to physical AI development," and the presence of core competitiveness in each field will be evaluated.
In addition, for corporations in new and renewable energy such as solar and wind power, the plan is to focus on the quality of manufactured goods such as the strength and durability of solar cells and modules, and on capabilities in offshore ground construction technology and the design and construction of power generation facilities.
Whether they fall under sectors such as AI, energy, and space will be determined comprehensively by the exchange based on the proportion of related areas in total sales, research and development expenses, and workforce, as well as whether patents have been obtained.
A source in the securities industry said, "Separate tailored listing review standards for technological capability and growth have so far been applied only to bio corporations," adding, "The key is that it has been expanded to AI, the space industry, and energy."
Korea Exchange (KRX) decided to collect opinions from industry and securities firm IBs through the 29th of this month. After that, it plans to finalize the detailed enforcement rules following approval by the Financial Services Commission (FSC).