South Korea's Kosdaq Global Index set to add more stocks
Hyung-Min Moon
Apr 06, 2023 (Gmt+09:00)
Korea Exchange building in Seoul Financial investment sources on Wednesday said Korea Exchange on March 31 conducted a regular review on listing more companies on the Kosdaq Global Index, with no decision yet on whose shares will be added.
Launched in November last year, the index comprises the stocks of 51 outstanding companies selected based on their market caps, performance and governance on the secondary Kosdaq stock market like EcoPro BM Co., L&F Co., Celltrion Healthcare Co. and Kakao Games Corp.
The exchange is reviewing 75 stocks, accounting for about 5% of the 1,629 Kosdaq-listed companies, as the upper limit for the number of stocks on the global index. Its decision bears in mind a possible Kosdaq global commodity index.
Also under discussion is the launch of exchange-traded fund products with leading domestic asset managers from the second half of the year.