KONEX Market Cap Falls to 3.29 Trillion Won, Down 53% Since 2019; Daily Trading Hits 12-Year Low

According to Korea Exchange, South Korea's KONEX market capitalization fell to 3.29 trillion won as of July 24, marking a 53% decline from 7 trillion won in 2018-2019. Daily average trading volume dropped to 628.85 million won this month, the lowest level since December 2014, despite the market's significantly larger current size.

Listed companies on KONEX have also contracted to 108 from 150 in early 2020. New listings plummeted to just 2 companies year-to-date, compared to an annual average of 27 companies since the market's 2013 launch. In 2024, only 6 companies went public, and last year just 4.