Kostadak, approval for the listing of Makinalax and Chavi... Looking forward to accelerated growth

On the 27th, the Korea Exchange approved the preliminary review for listing MakinaLax and CHAEVI on the KOSDAQ market. Both companies were recognized for their growth potential, marking their first step into the stock market.

MakinaLax, established in 2017, is an application software development company that offers various solutions based on its technological strength. In last year’s full-year performance, it achieved sales of 8.3 billion KRW but recorded an operating loss of 10.9 billion KRW. Turning a profit remains a challenge. However, through this listing, the company can raise funds for R&D investment and business expansion, with plans to improve profitability in the future.

Another listed company, CHAEVI, specializes in manufacturing power conversion equipment. Since its founding in 2016, the company has continuously expanded its business. Last year, sales reached 85.1 billion KRW, but it recorded an operating loss of 27.6 billion KRW. CHAEVI has advantages in the motor and generator fields and plans to expand production facilities and strengthen overseas market entry through this listing.

The Korea Exchange’s decision to approve these listings reflects an intention to nurture companies with technological strength and growth potential, thereby enhancing the diversity of the KOSDAQ market. This trend may also positively influence the listing efforts of other tech-based small and medium-sized enterprises in the future. Experts predict that these listings will serve as new growth drivers for both companies and help increase their long-term value.