Membership on S Korea’s fledgling start-up exchange doubles

SEOUL (MK Business News) – Membership on the Korea Exchange Startup Market (KSM), an over-the-counter third-tier market for start-ups in South Korea, nearly doubled in the first year.

The KSM that marks its first year today has 71 members so far, compared with humble beginning with 37.

Most of the KSM-registered start-ups came with advanced technology background ranging from internet of things (IoT) to software development and fintech. Three to four KSM-registered companies have become big enough to move onto the bigger Konex market, exchange for small and mid-sized enterprises.

But investor interest remains tepid. Of the 71 members, only four have drawn trade over the last year. Trade volume totalled $270 million ($240,942) so far.

The Korea Exchange plans to improve support to vitalise the market.