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Korean Biotech IPOs Fall In Tough Environment But Brighter Outlook Ahead?

Several Smaller Offerings Launched In '23

 
• By Jung Won Shin

Several innovation-based Korean bioventures, including GI Innovation, S.Biomedics and Curocell, have managed to launch IPOs in 2023 despite prolonged depressed market sentiment and tougher stock exchange rules.

IPO
Handful Of Biotech IPOs In Korea Lack Large Offerings • Source: Shutterstock

South Korean bioventures have experienced a harsh financing environment in 2023 stemming from economic depression, high interest rates and a general deterioration in investor sentiment.

Although most such firms have strategies geared toward launching initial public offerings, the number and size of IPOs has declined sharply in the past few years after peaking in 2021 amid difficult

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