Lee Soon-ho, President of the Korea Securities Depository (right), and Lee Dong-hoon, Chairman of the KOSDAQ Association, take a commemorative photo after signing the 'Business Agreement for the Level Up of KOSDAQ Companies' on the 14th. /Courtesy of Korea Securities Depository

The Korea Securities Depository announced on the 14th that it has signed a memorandum of understanding with the Korea Securities Dealers Association for "business cooperation to level up KOSDAQ companies."

Under this agreement, the two institutions agreed to cooperate on ▲ supporting KOSDAQ companies in establishing transparent and efficient governance structures through the use of electronic securities, electronic voting, electronic general meetings, and electronic proxies ▲ enhancing the stability of KOSDAQ companies' business activities and protecting investor rights through securities agency services ▲ identifying and improving pain points in the issuance and distribution market ▲ and supporting the discovery and nurturing of excellent startups linked with K-Camp.

Lee Soon-ho, president of the Korea Securities Depository, said, "We will do our best to actively support KOSDAQ companies' proactive response to the strengthening of corporate responsibility management and expansion of shareholder rights protection due to recent amendments to the Commercial Act by actively introducing electronic securities, electronic voting, and electronic general meetings."

Lee Dong-hoon, chairman of the Korea Securities Dealers Association, said, "We will provide systematic and professional support to strengthen the competitiveness of KOSDAQ companies that represent technology and innovative growth in cooperation with the Korea Securities Depository."

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