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Daejeon's listed companies surpassed KRW 70 tn in the total market capitalization for the first time
After 37 years since the first listing of a company from Daejeon in 1988, the total market capitalization of listed companies based in Daejeon has surpassed KRW 70 trillion for the first time.
According to Daejeon Technopark (Daejeon TP) on August 13, the total market capitalization of 66 listed companies in Daejeon as of the end of July reached KRW 74.1837 trillion, an increase of KRW 7.8848 trillion from the previous month, setting a new record.
Daejeon TP explained that this achievement resulted from the rise in the KOSDAQ index, the strong performance of key companies' stock prices, and improvements in the external economic environment.
In July, the KOSDAQ closing index was 805.24, up approximately 3.04% from 781.50 in June, leading to increases in individual stock prices and market capitalization. The news of the U.S. Federal Reserve's decision to hold interest rates steady and the resolution of the Korea-U.S. tariff negotiations at the end of July were also considered to have a positive effect on the domestic stock market.
The head of Daejeon TP stated, "This breakthrough of KRW 74 trillion proves the competitiveness and growth potential of Daejeon companies," and added, "Daejeon TP will continue to build a virtuous cycle where innovative companies successfully enter the stock market, and their success inspires future entrepreneurs in the region."
kjunho@yna.co.kr
Source Text
** This article was translated from Korean.
Date
2025.08.13
Views
66
According to Yonhap News,
After 37 years since the first listing of a company from Daejeon in 1988, the total market capitalization of listed companies based in Daejeon has surpassed KRW 70 trillion for the first time.
According to Daejeon Technopark (Daejeon TP) on August 13, the total market capitalization of 66 listed companies in Daejeon as of the end of July reached KRW 74.1837 trillion, an increase of KRW 7.8848 trillion from the previous month, setting a new record.
Daejeon TP explained that this achievement resulted from the rise in the KOSDAQ index, the strong performance of key companies' stock prices, and improvements in the external economic environment.
In July, the KOSDAQ closing index was 805.24, up approximately 3.04% from 781.50 in June, leading to increases in individual stock prices and market capitalization. The news of the U.S. Federal Reserve's decision to hold interest rates steady and the resolution of the Korea-U.S. tariff negotiations at the end of July were also considered to have a positive effect on the domestic stock market.
The head of Daejeon TP stated, "This breakthrough of KRW 74 trillion proves the competitiveness and growth potential of Daejeon companies," and added, "Daejeon TP will continue to build a virtuous cycle where innovative companies successfully enter the stock market, and their success inspires future entrepreneurs in the region."
kjunho@yna.co.kr
Source Text
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Source: Yonhap News (August 13, 2025)
** This article was translated from Korean.