Jeju Beer gets Korea Exchange s nod for Kosdaq listing
Last year, Jeju Beer posted 32 billion won in sales, more than double its 2019 revenue of 13 billion won. Saturday, February 27, 2021 1:34 AM UTC
Jeju Beer Co. is set to go public in the first half of this year after securing Korea Exchange s approval of its preliminary listing application filed last November.
Despite being unable to fulfill Kosdaq s market listing requirements, Jeju Beer received approval on Feb. 25 due to the so-called Tesla policy, which allows companies with strong growth potential, even those in the red, to obtain special listing approval.
Tesla Motors was in a deficit when it went public, going on to achieve monumental success.