As promising corporations continued moving to leave KOSDAQ, the venture community urged them to stay.
The Korea Venture Capital Association, the KOSDAQ Association, and the Korea Venture Business Association issued a statement on the 13th, saying, "We appeal for high-quality KOSDAQ corporations to remain in the market to safeguard the innovation ecosystem and market trust together."
They added, "KOSDAQ is not merely a market for fundraising, but a platform where innovation and venture corporations leap forward," and explained, "When leading corporations stay in the market and grow consistently, investor trust is maintained, and a virtuous cycle forms in which follow-on technology corporations continue to take on challenges and venture capital flows in."
They continued, "The departure of high-quality corporations inevitably weakens the market's investment appeal and trust base and can have a negative impact across the innovation ecosystem," adding, "Because corporations that grew on KOSDAQ have advanced alongside the market, remaining on KOSDAQ is significant in terms of market sustainability and maintaining the innovation ecosystem."
The groups also signaled their intent to work with related institutions on institutional improvements for high-quality KOSDAQ corporations. They proposed specific measures including expanding participation by institutional investors, strengthening the foundation for long-term capital inflows, and differentiating regulations.
They further noted, "The future of the KOSDAQ market is a shared asset built by corporations and the market together," and said, "We ask for the cooperation of KOSDAQ corporations and investors to create a market where high-quality corporations remain with pride and where innovation and venture corporations continue to grow."