(Seoul=Yonhap News) Reporter Kim Tae-gyun = The Financial Investment Association announced on the 8th that fintech companies Datagen and Wyconz will be newly registered in the Korean Over-The-Counter (K-OTC) market.
Datagen, founded in 2007, is based on AI (artificial intelligence), big data, and electronic finance technology, and is pushing to issue investment contract securities, the first in the country, with Korean pork as the underlying asset.
Datagen CEO Im Seon-muk said, "By entering the K-OTC market, we will promote the expansion of Korean pork farms and the activation of direct trading platforms, creating an ecosystem where investors, farmers, processors, and consumers grow together."
Wyconz, founded in 2019, operates payment services, platform (infrastructure) utilization businesses, and youth franchise businesses. Its main product is a reservation, payment, and ordering service called 'Yami', which is used by 300,000 people in 34 universities and 253 stores nationwide.
Wyconz CEO Kim Seung-il said, "We aim to expand from college students, who are digital natives, to surrounding commercial areas, businesses, and globally, targeting a digital economic platform, and evolving into a mobile-centered super app that encompasses all generations."
Wyconz will start trading on the 10th, and Datagen will enter the K-OTC market on the 11th. The stocks can be traded through securities firms such as HTS (Home Trading System), and on the first trading day, they can be traded within a range of 30 to 500% of the net asset value per share.
The subsequent price limit is ±30% of the previous day's weighted average stock price.
The K-OTC market, established by the Financial Investment Association to help raise capital for companies not listed on KOSPI, KOSDAQ, and KONEX, includes 124 companies, including Datagen and Wyconz.
tae@yna.co.kr