(Source = Ministry of SMEs and Startups)
While the stock market boom continues as the KOSPI index crosses the 3000 line, analysts say that venture companies are at the center of the market activity. Since this year, as unicorn companies (corporate value of 1 trillion won or more) have announced listing one after another, expectations are growing whether they will lead the era of’Cheonsdaq (KOSDAQ index over 1000).
The Ministry of SMEs and Startups (Ministry of SMEs) announced on the 8th that it further analyzed companies, including the top 20 domestic stock market capitalization companies and 4 listed unicorn companies in 2021.
According to the Ministry of SMEs, the proportion of venture companies in the 20th place in the KOSDAQ market cap continues to increase. Among the top 20 companies in the market cap in 2001, the number of venture companies was only 6, but 10 years later, in 2011, it increased to 10 companies including Celltrion and Seoul Semiconductor.
In January this year, 10 years later (as of the 6th), a total of 13 companies were found to be venture companies. Currently, companies classified as venture companies are Alteogen, Pearl Abyss, Genexin, and MedFacto. The remaining 9 companies have a history of confirmation in the past.
The market cap growth rate of these 13 companies was calculated at 204.8%. This is a value compared to the low point in March last year. It is 64.8 percentage points higher than the market cap growth rate of the entire KOSDAQ market (140.0%).
The growth rate is also high compared to all the top 20 market cap companies. The market cap growth rate of these 13 companies was 93.9 percentage points higher than that of the remaining 7 companies (110.9%).
Four venture companies in the top 20 of the KOSPI market cap are Celltrion, Naver, Kakao, and NCsoft. There is a history of being confirmed as a venture company in the past. The market cap of these companies is 151.2 trillion won, accounting for 12.4% of the top 20 in the KOSPI market cap.
The Ministry of SMEs understands that these venture companies are leading the rise in the KOSPI-KOSDAQ index.
Mid-term Minister Park Young-seon said, “This government opened the KOSPI 3000 era for the first time.
The Ministry of SMEs also added that a total of 7 unicorn companies, including Viva Republica, Yanolja, Soka, and Aprogen, are preparing to be listed on the stock market. Among them, five companies, including Yanolja, Soka, Krafton, Timon, and Zippy Club, have completed the selection of the listed leading companies.
“This analysis reconfirmed the analysis of last December with recent statistics, and also looked at the growth in the listed market of venture companies that have grown through venture investment,” said Park Yong-soon, director of venture innovation policy at the Mid-term Ministry. As a result of the detailed corporate survey, we reaffirmed that venture companies are leading the Korean economy based on innovation and technology, as more than half of Korea’s industrial property rights come from venture companies.