THE KOSDAQ 5% INCREASE TRIGGERED A NET PURCHASE OF 354 BILLION WON BY THE SIDE CAR AGENCY

On 4 August, this morning, the Korean KOSPI index was weak, while the KOSDAQ index rose strongly. The Korea Exchange announced the launch of the buy-in (suspension of procedural transactions) mechanism at KOSDAQ market at 10:47:51 (Beijing time 09:47). The KOSDAQ market has triggered the purchase of side cars on three consecutive trading days, last month, yesterday and today. This was the 17th trigger since this year, 12 of them last month alone. Strong institutional buyouts are driving the index up. On that day, institutional investors bought a net of 354 billion won in the KOSDAQ market, while individual and foreign investors sold a net of 167 billion won and 183 billion won, respectively. The Biotech Unit performed well, with Alteogen increasing by over 7 per cent; Liga Chem Biosciences by 12.89 per cent; ABL Bio by 12.25 per cent; HLB by 9.55 per cent; Pepper by 9.39 per cent; and Sam Chun Dang Pharm by 6.00 per cent。