The Pneumatics Industry and Neo Sapience: Taking on the Challenge of a KOSDAQ Listing! The Combination of Manufacturing and AI Technology

The Korea Exchange’s Kosdaq Market Headquarters accepted the listing pre-review application for Kido Industry and Neosapience on April 27, marking the entry of manufacturing and artificial intelligence software companies into the Kosdaq listing process.

Kido Industry, the company applying for pre-review, is a clothing manufacturer specializing in outdoor apparel and motorcycle gear. As a company rooted in physical manufacturing seeking to go public on Kosdaq, profitability and business stability are likely to be key evaluation factors. Last year, Kido Industry’s consolidated sales were 346.55 billion KRW, with an operating profit of 32.19 billion KRW. The main underwriter for the listing is Mirae Asset Securities.

Neosapience is a software development and supply company known in the market for its generative AI content creation service “Typecast.” Generative AI refers to technology capable of automatically producing content such as articles, speech, and images. Recently, as demand from enterprises and individual creators has grown, the related service market has been expanding rapidly. Last year, Neosapience’s consolidated sales were 51M KRW, but it recorded an operating loss of 90M KRW. The main underwriter for the listing is Daishin Securities.

The pre-review process is a procedure where a company’s business structure, financial condition, governance, and disclosure systems are preliminarily examined by the exchange before entering the stock market. During this process, the company’s sustainability and investor protection mechanisms are also reviewed. Even when pursuing a Kosdaq listing, the standards may differ depending on the company: Kido Industry, as a traditional manufacturer with profit realization, and Neosapience, as a growth-oriented tech company, may be evaluated differently by the market.

Recently, on the Kosdaq market, companies with stable performance and tech firms in future growth industries are jointly knocking on the door of going public. In future exchange reviews, beyond just sales scale, profitability, technological competitiveness, and whether the company can maintain investor trust after listing are likely to become core criteria.