Busan is good

Busan Leads the Way in Promoting IPO Listings… Two Companies Selected for Support Program

내용

Busan Metropolitan City (Mayor Park Heong-joon) and the Busan Startup Investment Agency announced that they have selected two companies to participate in the "2025 IPO Listing Support Program," aimed at helping innovative companies in Busan enter the capital market.

This program is designed to assist pre-IPO companies headquartered in Busan that either plan to go public or are in the process of doing so, especially those with strong growth potential and innovation capacity.

This year’s final selected companies are SocialBin Co., Ltd. (CEO: Kim Hak-su) and MedPark Co., Ltd. (CEO: Park Jeong-bok).

▲ SocialBin Co., Ltd., founded in 2013, began with baby products and has recently expanded into kitchenware and health supplements.
▲ MedPark Co., Ltd., established in 2017, is a regenerative medicine company providing comprehensive solutions for human tissue regeneration. It has earned certifications from the U.S. FDA and the European CE, and was named a National Representative Innovative Company in 2022, reflecting its recognized innovation and growth potential.

These two companies are expected to grow into leading publicly listed enterprises representing the Busan region by establishing practical growth strategies and acquiring capital market expertise through this program.

The selected companies will receive up to 40 million KRW in support to cover various IPO-related costs, such as due diligence, valuation, and accounting advisory services.

In addition, they will be provided with customized consulting linked to the Korea Exchange (KRX) and educational programs in collaboration with private securities firms.

Meanwhile, Busan Metropolitan City held an open call for participants in the IPO Listing Support Program from June 11 to July 2. Numerous promising companies applied, and the final selections were made through a rigorous evaluation process.

The selection criteria comprehensively evaluated each company's innovation capacity, growth potential, IPO preparedness, and contribution to the local economy.

Nam Dong-woo, Director of Financial and Startup Policy at the city, stated, “Through this IPO Listing Support Program, we will actively support promising local companies in successfully entering the capital market. Recently, many startups in the region have been growing steadily through connections with venture capital firms and securities companies,” adding, “We will continue to implement diverse policies to foster a vibrant regional IPO ecosystem.”