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S. Korea to allow startups with potentials to go public

According to Pulse by Maeil Business News Korea,

South Korea’s Financial Services Commission (FSC) will ease the stock listing regulations to pave the way for startups with potentials but falling short of eligibility requirements to go public to grow easier.

“Tesla was able to raise funds through the Nasdaq even as a deficit-ridden company,” said FSC chief Yim Jong-Yong in a press briefing. The country will benchmark U.S. stock markets so that startups with poor balance sheet through investment in research and development and facilities for future growth can raise capital by publicly trading, he said.

By Choi Jae-won

Copyrights Pulse by Maeil Business News Korea. All Rights Reserved.

Source: Pulse by Maeil Business News Korea (Sep. 5, 2016)

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