View source for KOSDAQ

{{Short description|Trading board of Korea Exchange}}{{Needs more references|date=June 2024}}{{Infobox Korean name
|hangul=코스닥
|rr=Koseudak
|mr=K'osŭdak 
}}
The '''Korea Securities Dealers Automated Quotations''' ('''KOSDAQ'''; {{Korean|hangul=코스닥}}) is a trading board of [[Korea Exchange]] (KRX) in [[South Korea]] established in 1996.<ref name=":0">{{Citation |last=유 |first=광호 |title=코스닥 (KOSDAQ) |encyclopedia=[[Encyclopedia of Korean Culture]] |url=https://encykorea.aks.ac.kr/Article/E0058638 |access-date=2024-06-18 |publisher=[[Academy of Korean Studies]] |language=ko}}</ref> Initially set up by [[Korea Financial Investment Association]] as an independent [[stock market]] from the Korean Stock Exchange, it was benchmarked from the American counterpart, [[NASDAQ]]. KOSDAQ is an electronic stock market, just like NASDAQ. The open hours for the market are 09:00AM to 03:30PM [[Korea Standard Time|KST]].

It is now operated as SME Market Division of KRX. As of February 2021, 1476 companies are listed on KOSDAQ for trading.<ref>{{Cite web|last=|first=|date=|title=KOSDAQ website|url=http://global.krx.co.kr/main/main.jsp|archive-url=|archive-date=|access-date=2021-02-06|website=GLOBAL KRX}}</ref>

==History==

In July 1986, The South Korean government passed the "Market Organization for Vitalization of Publicly Traded Assets for Small Businesses Act" in order to provide a way for small and intermediate businesses to raise capital through [[Share (finance)|publicly traded shares]], and to provide investors with new routes of investments.{{Cn|date=June 2024}} In April 1987, the Market Organization was achieved, and the first three companies were registered.<ref name=":0" />

On May 17, 1996, the KOSDAQ Securities Exchange (코스닥증권시장) was established in order to vitalize, modernize and fully computerize the market. KOSDAQ went into fully service on July 1, 1996.<ref name=":0" />

During the [[1997 Asian financial crisis]], KOSDAQ market indexes plummeted and investors suffered heavy losses, but due to the quick recovery of the South Korean Economy, KOSDAQ saw rapid recovery and increase in market capitalization through the early 21st century.

==See also==
*[[KOSPI]]
*[[KOSPI 200]]
*[[Korea Financial Investment Association]]
*[[List of East Asian stock exchanges]]

==References==
{{Reflist}}

==External links==
* [https://archive.today/20130703001441/http://www.kosdaqca.or.kr/Eng/ KOSDAQ Listed Companies Association]
* [https://www.bloomberg.com/apps/quote?ticker=KOSDAQ:IND Bloomberg page for KOSDAQ:IND]

{{Economy of South Korea}}

{{Stock Market Indices}}

{{DEFAULTSORT:Kosdaq}}
[[Category:Korea Exchange]]
[[Category:Finance in South Korea]]
[[Category:Stock exchanges in South Korea]]
[[Category:1996 establishments in South Korea]]
[[Category:South Korean stock market indices]]


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