Gyeong-ho Jang, Chairman of the KOSDAQ Association,’We will develop an ESG model suitable for small and medium-sized businesses’

Inauguration press conference held on the 16th

Enhancing the corporate value of KOSDAQ and promoting sustainable growth

Efforts to improve the business environment, including tax support and opposition to regulatory legislation

Kyung-ho Jang, the new president of the KOSDAQ Association /Photo provided = KOSDAQ Association

Jang Kyung-ho, the new chairman of the KOSDAQ Association, announced on the 16th that he will develop an environmental, social, and governance (ESG) model suitable for SMEs to support innovative growth of KOSDAQ companies in the face of the 4th Industrial Revolution.

On this day, Chairman Jang held a press conference and said, “The recent topic of ESG management emphasizing the transparency of the environment, social role, and governance structure is the hot topic.” “We will create an ESG model for enhancing corporate value and sustainable growth of KOSDAQ companies.”

He expressed his ambition to provide full support for KOSDAQ companies to have growth engines as the KOSDAQ index exceeded 1,000 points this year. Chairman Jang explained that the establishment of 1,510 new regulations including the 3rd Corporate Regulation Act last year had a negative impact on the business environment of companies. Accordingly, in order to improve the business environment of companies, it is suggested to supplement the legislation on the severe disaster punishment law, and oppose the introduction of the class action system and the punitive damage compensation system.

In addition, it plans to support the securing of professional manpower by supporting the succession of the family business by reducing inheritance and gift taxes to revitalize the market and improving the follow-up management system, and deferring the timing of stock option taxation to disposal.

Chairman Jang plans to expand tax benefits related to research and development (R&D) and technology commercialization, support M&A activation, and workforce support projects to actively support technology development by companies in line with the era of the 4th industrial revolution. to be.

In addition, the company announced plans to enhance the image and corporate value of KOSDAQ companies, strengthen communication with member companies, and expand practical support. In particular, considering that KOSDAQ investors are suffering from an information famine on KOSDAQ companies, KOSDAQ will continue to discover and promote superior KOSDAQ companies. Chairman Jang said, “I am very fortunate that the’KOSDAQ Technical Analysis Report’ supported by the Korea Exchange has been published every week since 2018,” he said. “We will support various public relations and IR activities to provide a lot of information to investors.

Chairman Jang said that he would increase the merits of listing on the KOSDAQ by giving incentives to companies with respect to the transfer of excellent companies listed on the KOSDAQ market to the KOSPI market. He said, “The merit of listing on the KOSDAQ should be expanded by granting various incentives such as improvement of the listing, trading, and disclosure system, and corporate tax cuts when listing on the KOSDAQ. I will solidify the identity of the KOSDAQ.”

“There is a need for tax benefits that can enhance the competitiveness of KOSDAQ companies, such as the introduction of a business loss reserve system for newly listed SMEs, and expansion of R&D tax credits such as tax credit for overseas patent application expenses.” “We will try to improve the investment environment in the KOSDAQ market by providing incentives for long-term investors, such as tax incentives for long-term holdings.”

/ Reporter Park Si-jin [email protected]

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