The level at which the camel passes through the ears of a needle. The fierce competition in the public offering stock subscription market last year, followed by IPO (large fish), was compared like this. This is because SK Biopharm was able to pay 100 million won in margin and hold 1 Dalang in hand from public offerings such as Kakao Games and Big Hit Entertainment.
[김세영 ‘서울거래소 비상장’ 대표 인터뷰]
– Even though an equal allocation method has been introduced, competition for subscription stocks is expected to be fierce this year. This is why investors are turning to the over-the-counter market ahead of IPOs such as Kakao Bank and Krafton, the developer of the game’Battleground’.
Unlisted website of Seoul Exchange
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One-stop unlisted stock trading, like this
– Unlisted stock trading was conducted through online communities such as K-OTC and ’38 Communication’ operated by the Financial Investment Association. In particular, in the case of the online community, when the seller uploads stock information and contact information, the transaction is conducted in a manner that the buyer contacts, so it was not possible to escape the risk of false sale or fraud.
One of the places that opened the way to reduce these risks and trade safely is the’Seoul Exchange Unlisted (hereinafter Seoul Exchange)’, an unlisted stock trading platform. When the buyer deposits money, the shares in the seller’s brokerage account are transferred to the buyer’s brokerage account at the same time. There is no need for sellers and buyers to share contacts with each other. The fee is’zero’.
In April of last year, I met with CEO Se-young Kim, who founded the Seoul Exchange, and answered various questions about trading in unlisted stocks.
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Kim Se-young, the founder of the’Seoul Exchange Unlisted’ platform that can buy and sell unlisted stocks, is interviewing at the JoongAng Ilbo office building in Sangam-dong, Seoul. Reporter Kim Seong-ryong/ 2021.02.03
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- Is there a reason you started the Seoul Exchange?
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- After attending a bank, he quit his 9th year and jumped into a startup. Isn’t the best stock option when working at a startup (employees have the right to buy company stock at a low price)? However, after receiving stock as a stock option, there are many people who say’what to do with this’. Because it is not a publicly traded company, there is no good way to sell the stock. Looking at such people, I thought I had to create a trading platform.
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- Unlisted stocks are unfamiliar.
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- Some people ask how to issue stocks even though they are not listed companies. Regardless of whether it is listed or unlisted, any joint stock company can issue shares. Even if a single-person corporation with a capital of less than 10 million won, if it is a joint stock company, stocks are issued. However, since these stocks are rarely traded, the CEO often holds most of the shares.
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- How to trade unlisted stocks.
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- For sellers, you must first prove that you are the stock owner. Since the Seoul Exchange has a partnership with Shinhan Investment Corp, it is possible to check the seller’s stock balance of Shinhan Investment Corp. After confirming ownership of the stock, it grants permission to sell. After that, when the seller posts that he sells 1 share of A stock for 50,000 won, the buyer applies for purchase. This transaction information goes directly to Shinhan Financial Group. Stock transfer and payment are made at the same time in the Shinhan Financial Group account. When a buyer deposits money, one stock in the seller’s account is transferred to the buyer’s account.
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- Some stocks cannot be transferred by account.
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- right. Non-unified stock certificates (stocks that cannot be traded on consignment between securities accounts) cannot be exchanged through accounts. In order to trade non-unified shares, the parties must meet in person to change their name and write the shareholder’s name and address in the shareholder list of the issuing company. Most privately held companies manage their shareholder registers this way. These are places that are small or have not yet been audited by external accounting. However, there are quite a few companies that have high growth potential and are familiar to the public. Ready Co., Ltd., which created the e-book company’Ready Books’, is also a non-unified stockholder issuer.
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- Can I buy non-unified sovereignty like’Ledy’ at the Seoul Exchange?
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- Yes. The advantage of the Seoul Exchange is that it can buy and sell non-unified sovereignty. For example, K-OTC (an over-the-counter stock market operated by the Financial Investment Association) does not deal with unified stock at all.
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- But I have to meet in person and change my name.
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- You can use the name change agency service. Let’s say you’re trading Lydy stock. The buyer prepares the down payment, and the seller visits Ready Co., Ltd. with data that can prove ownership of the unified stock. Then, changing the name and paying the balance is the usual way of trading ununified shares. The Seoul Exchange provides a service for all these processes.
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- The total number of items handled is.
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- About 100 stocks are traded. Not much compared to competitors. However, among the unlisted stocks, there are about 20 to 30 stocks that have high interest and trade frequently. The Seoul Exchange handles promising stocks such as Kakao Bank, Viva Republica, Market Curly, and Krafton. Many stocks can be traded on a weekly basis.
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- If there is a new service to be introduced.
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- Soon, even non-unified sovereignty will be able to be traded digitally. With blockchain technology, the entire process of identity verification and name change of sellers and buyers can be digitalized. This eliminates the need for stock traders to visit the company to prove ownership of the stock and fix the stockholders list. You can trade the stocks of non-unified stock issuers, which are estimated to be about 500,000, with just a few clicks. The’unlisted stock encyclopedia’ service is also preparing to launch.
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- How long will the zero fee policy be maintained?
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- I plan to keep it as long as possible. The fee is free, but we are considering a profit model through additional services such as unlisted stock mortgage loans. First, the goal is to create a trading environment where investors can safely buy and sell unlisted stocks.
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Reporter Jiyu Hong [email protected]
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