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Busan Metropolitan City to Recruit Companies for 2026 IPO Listing Support Program

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Busan Metropolitan City (Mayor Park Heong-joon) and the Busan Startup Investment Agency announced that they will recruit companies to participate in the “2026 IPO Listing Support Program” aimed at promoting IPO listings of companies in the Busan region until May 4.

This program is designed to support Busan-based companies with recognized technological capabilities and growth potential in entering the capital market and to establish a foundation for activating IPO listings.

Eligible applicants are companies whose headquarters, as stated on their business registration certificate, are located in Busan and that are either undergoing listing procedures or planning to go public. Through an evaluation process, four companies will be finally selected, and each selected company will receive support of up to KRW 40 million for IPO-related expenses, including corporate due diligence and valuation.

In addition, in cooperation with the Korea Exchange (KRX), consulting services related to listing reviews—such as IPO pre-preparation and preliminary listing examinations—will be provided.

Furthermore, for companies that have not yet selected an IPO underwriter, support will be provided for matching with securities firms. Through a cooperative network with organizations such as the Korea Financial Investment Association, Korea Securities Finance Corporation, and accounting firms, comprehensive support will be offered to facilitate the listing of promising companies.

Meanwhile, Busan Metropolitan City has expanded the number of supported companies from two to four starting this year to further promote IPO listings among Busan-based enterprises.

Among last year’s (2025) supported companies, Social Bean Co., Ltd. is preparing for an IPO in the second half of this year, while Medpark Co., Ltd. is preparing for an IPO in the first half of 2027.

Companies wishing to participate in this program may submit their applications online through the Busan Startup Portal (www.busanstartup.kr) by 5:00 PM on May 4.

Lee Jin-su, Director General for Financial Startup Policy at Busan Metropolitan City, stated, “Although Busan-based companies have faced difficulties in overcoming the high barriers to IPO listings due to complex procedures and stringent requirements, we will actively support more Busan companies in successfully entering the capital market through IPOs with this program.”