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  • Internet-Related Companies in Korea Prepare for IPOs
  • February 22, 1999 (SEOUL) -- In the midst of robust growth, many Internet-related companies in Korea plan to go public soon.
    Dacom Interpark, an online retailer, is set to list its shares on the KOSDAQ over-the-counter market in April, industry watchers said.

    Several other Korean Internet-related firms, including Yahoo Korea and Daum Communication, also are considering moves to list their shares.

    "Most Korean companies involved in Internet businesses are small and midsize ventures. Thus, these firms are likely to do initial public offerings (IPOs) soon to raise substantial operating funds," the industry watchers also said.

    "It's just a matter of time for the major Internet-related companies to go public. Samsung SDS Co., Ltd. and LG-EDS Systems Inc. are both in the process of preparing IPOs," an industry analyst said.

    (Maeil Business Newspaper, Korea)

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    Updated: Fri Feb 19 14:56:33 1999 PDT