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Article: S KOREAN WEB CO NHN WINS TENTATIVE APPROVAL FOR BOURSE SWITCH.
- Article from:
- AsiaPulse News
- Article date:
- November 20, 2008
CopyrightCOPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SEOUL, Nov 20 Asia Pulse - South Korea's stock market operator granted preliminary approval Thursday for Web portal and game provider NHN Corp. to move to the main bourse from the secondary board.
The Korea Exchange (KRX) said its listing review board reached a tentative conclusion that NHN meets requirements for listing on the main bourse. A final review will be held later this month.
NHN, South Korea's largest portal operator, currently accounts for some 10 per cent of the tech-heavy KOSDAQ's 4 trillion won market cap.
Market watchers expect the move to be finalized by early December.
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