K-OTC (Korean over-the-counter market) exceeded 6 trillion won.

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Aug 31, 2018 · 2 min read

The K-OTC market, which is a private equity market for unlisted companies, is growing rapidly.

According to the Korea Finance Investment Association (KITA) on April 9, the market cap of K-OTC market is 15,304 billion won and the number of transactions is 122.

The average daily trading value was sluggish at 900 million won in 2015, 650 million won in 2016 and 109 million won in 2017, but jumped nearly three times to 2.88 billion won in 2018.

On July 12, the daily trading value surpassed 10 billion won for the first time since the launch of K-OTC in August 2014, and reached a record high of 109.98 billion won on July 13.

The K-OTC market cap also rose 12.2 percent from 13.4 trillion won a year ago to 15.1 trillion won on 7th August.

The K-OTC market is an OTC stock market run by the Korea Financial Investment Association. The K-OTC market was reorganized formerly known as “free board” in August 2014.

Café 24 was listed on KOSDAQ from K-OTC. When the company first started trading as a designated company in K-OTC, its price was only 2,000 won, but it rose to 94,100 won on the day before listing.

On February 8, the public offering was listed on KOSDAQ at 57,000 won, and jumped 2.3 times to 204,600 won on 16 July.

“K-OTC needs to pay attention to K-OTC as the growth ladder system from K-OTC to KOSDAQ is strengthened,” a Korean financial expert said.

Xtock, blockchain based on OTC market finance network platform, tokenizes the value of a company’s assets with blockchain technology.

Investors will be able to invest in companies that have the potential to make a profit for both the companies and investors participating in Xtock platform, and will provide proven business information to investors.

Ref : MoneyToday

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