Optimism is high for South Korea’s IPO market this year, fueled by significant deals and positive market expectations. Early 2023 saw a sluggish start due to weak investor sentiment, but activity picked up with key deals like LS Materials and DS Dansuk. Eugene Investment & Securities projects 140-150 companies debuting this year. The IPO market, previously dampened by high interest rates, is reviving with lower market rates and increased risk asset preference. Several tech and retail giants are on the IPO radar. Viva Republica, the fintech app Toss operator, is progressing towards an IPO, aiming for a valuation over USD10bn. Kurly, a fresh food delivery service, is reconsidering its IPO following its first profitable month and improved valuation.