In the age of KOSDAQ 500 trillion, how to turn around for sustainable growth: restoring trust and cleaning up zombie companies
Recently, the KOSDAQ market reached a historic milestone, surpassing KRW 500 trillion in market capitalization for the first time in its history. This comes nearly four years and 10 months after it surpassed KRW 400 trillion in January 2021. The market's increased size can be interpreted as a positive sign for venture capital funding and expanded opportunities for innovation growth. Chapter 1. Lights and shadows of the KOSDAQ 500 trillion era: Diagnosing the Background of Quantitative Growth Reaching 500 trillion: A milestone created by policy expectations The main driver of the surge in KOSDAQ's market capitalization was not an improvement in the market's internal fundamentals, but rather the government's...