이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
- Collected
- 2019.08.30
- Distributed
- 2019.08.31
- Source
- Go Direct
South Korea’s over-the-counter market K-OTC where unlisted company shares trade expanded by nearly 30 percent over the last five years as it proved its service as a stepping stone to mainstream bourses of Kospi and junior Kosdaq.
According to the Korea Financial Investment Association on Thursday, the total market capitalization of the K-OTC reached 15.31 trillion won ($12.67 billion) as of Aug. 23, up 29.1 percent from five years ago when the market opened.
The figure is 43.6 percent higher, compared to 10.66 trillion won at the end of 2016.
Daily trade turnover at the K-OTC averaged at 25.6 trillion won in the first six months, up 7.1 percent from 2014 and a whopping 293.8 percent from 2016. The number of companies trading the market also rose to 135 from 117 in 2014.
Popular stocks on the K-OTC successfully moved up to main Kospi and secondary Kosdaq bourses, drawing investors looking for bargains and hidden jewels before they go public, experts say.
Blockbusters were Samsung SDS, Mirae Asset Life Insurance, and Jeju Air on the Kospi, with Cafe24 and WebCash Corp. on the Kosdaq.
Still, risks remain high for OTC investors due to lack of corporate information. Reports on companies registered for the trade reached a mere 19 on average per year for the past five years – 22 in 2015, 26 in 2016, 20 in2017, six in 2018, and 21 in 2019.
The KOPIA is planning to diversify platforms providing the information on the traded companies in partnership with securities firms.
By Kim Je-lim and Lee Ha-yeon
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]