[THE INVESTOR] The process of listing on local stock markets will be reformed to give innovative companies easier access, Financial Services Commission Chairman Yim Jong-yong said on Aug. 29.

Speaking at a meeting of the finance industry reform committee, Yim said that reform measures will be introduced in September.

Along with the IPO rules, the process of gathering investors for new stock issues will be reformed, Yim said. 

“Measures for improving the IPO and subscription process will be introduced in September to allow innovative companies with good growth potential to raise capital with more ease,” Yim said.

Under the plans, categories that will allow the authorities to measure a company’s growth potential will be added and unnecessary categories removed from the listing review.

In addition, the conditions for fast track listing will be eased to allow more companies to benefit from the system, and those with high technological capabilities may also be given more leeway even if they fall short of financial conditions.

By Choi He-suk (cheesuk@heraldcorp.com)