The KOSDAQ is a stock market in South Korea that focuses on small and medium-sized enterprises. Established in 1996, it serves as a platform for companies to raise capital and for investors to buy and sell shares. The KOSDAQ is similar to the NASDAQ in the United States, emphasizing technology and innovation-driven businesses. The KOSDAQ operates under the supervision of the Korea Exchange, which ensures fair trading practices and transparency. It has become an important part of the South Korean economy, providing opportunities for growth and investment in emerging industries.