SENKO, a global sensor company, announced on the 14th August that it had received preliminary approval for listing from the KOSDAQ (Korean Securities Dealers Automated Quotations) market headquarters the previous day. 

In March, the company obtained an A grade from NICE Group (a credit information service based in Seoul) as a platform to enable the technology based special listing . Recently, the South Korean government has been actively implementing policies to foster SME businesses, and is confident of significant growth and expansion of organisations like SENKO. 

Founded in 2004, SENKO is a company which produces electrochemical gas sensors. The electrochemical gas sensor, can detect the quantitative gas concentration of about 14 compounds such as carbon monoxide, hydrogen sulphide and hydrogen. Harnessing this technology SENKO supplies products to various fields such as industrial safety, environmental monitoring, odour monitoring, and health care. The development of ultra-small and slim-structured electrochemical gas sensor technology is expected to enable expansion into high value-added products in the future thanks to IoT technology and the growth of the mobile and wearable device markets. 

In 2019, SENKO has secured over 950 global customers, and is supplying products worldwide through a network of partners and distributors in over 35 countries. The business recorded 19.8 billion Won (approximately 17 million USD) in sales and 2.3 billion Won (approximately 2 million USD) in operating profit. SENKO said, "With the approval of this preliminary examination, we plan to submit a stock report in August and proceed with listing." 

The representative organizer is Korea Investment & Securities.