Lee So-young, nominee for minister of SMEs and Startups, said South Korea should review the pace and method of tighter KOSDAQ delisting standards and a planned tiered market system because the changes could affect small and venture companies as well as existing shareholders. Speaking after a Sept. 10 meeting at the Korea Venture Business Association in Seoul, Lee said she would actively present the ministry’s views and debate the Financial Services Commission chairman if necessary. She supported restoring trust in KOSDAQ, while arguing that the market should also be treated as a funding and exit channel for venture companies. Lee called for institutional reforms to attract more private risk capital and said she would review Commercial Act revisions, transparency measures and possible exceptions to treasury-share cancellation rules. She also said working-hour regulations should be examined in light of startup work patterns.