The Korea Securities Dealers Automated Quotations (KOSDAQ) is a trading board in South Korea that focuses on small and medium-sized enterprises. Established in 1996, it provides a platform for these companies to raise capital by issuing stocks, making it easier for investors to buy and sell shares. KOSDAQ operates under the supervision of the Korea Exchange (KRX) and is known for its emphasis on technology and innovation. It serves as an important market for investors looking to diversify their portfolios and for companies seeking growth opportunities in the competitive South Korean economy.