KRX plans tiered system for Kosdaq, signaling regulatory restructuring of the exchange.
Context
What happened: The Korea Exchange is considering a tiered system for the Kosdaq, modeled on Nasdaq, that would divide listed firms into premium, standard and watchlist segments.
Key numbers: Launch could come in the second half of next year at the
Why it matters: A KRX official said leading biotech and AI companies need to join the upper tier and set an example, and that the Kosdaq carries more risk than the Kospi so it must offer returns that justify that risk. The plan has raised concerns that capital could concentrate in the upper tier, leaving lower-tier firms short of funding.