{"id":117436,"date":"2026-08-13T00:33:11","date_gmt":"2026-08-13T00:33:11","guid":{"rendered":"https:\/\/www.europesays.com\/korea\/117436\/"},"modified":"2026-08-13T00:33:11","modified_gmt":"2026-08-13T00:33:11","slug":"the-delisting-system-which-has-been-strengthened-since-last-month-aimed-at-consolidating-the-kosdaq","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/korea\/117436\/","title":{"rendered":"The delisting system, which has been strengthened since last month aimed at consolidating the KOSDAQ.."},"content":{"rendered":"

Designated for the first time after strengthening KOSDAQ securities
If combined, 27 items under the market share will be closed after 90 days of survival competition <\/p>\n

\"Korea \uc0ac\uc9c4 \ud655\ub300 Korea Exchange [Yonhap News] <\/p>\n

The delisting system, which has been strengthened since last month aimed at consolidating the KOSDAQ market, is leading to a full-fledged selection of marginal companies in about a month after its implementation. 23 companies were designated as management items on KOSDAQ alone as they filled the first 30 trading days after adding the so-called “copper stocks” with a stock price of less than 1,000 won to the delisting requirements. The reorganization of the system has gone beyond the reorganization of regulations and has entered a stage of sorting out the actual candidates for eviction.<\/p>\n

According to the Korea Exchange on the 12th, 27 KOSDAQ companies (excluding overlapping requirements) will be included in the management items on the 13th due to the reason for designation due to the lack of stock and market capitalization. There are 23 companies with less than 1,000 won in stock price and six companies with less than 20 billion won in market capitalization, and Hyungji Global and E8 were caught in both requirements at the same time. Excluding the six companies that were already in the management category for different reasons from the 27 companies, 21 companies will be newly incorporated.<\/p>\n

In the securities market, nine companies also had reasons for designation on the same day. Four companies, including Daeyoung Packaging, Hyungji Elite, Ilshin Seokjae, and Ontide, were under 1,000 won in stock prices, while six companies, including SUN&L, Korea Electronics Holdings, Taewon C&T, Daewon Hwaseong, Namseong, and Ontide, were under 30 billion won in market capitalization. When combined with KOSPI and KOSDAQ, 36 companies are subject to the strengthened criteria for commercial and commercial securities.<\/p>\n

The designation is the result of the first 30 trading days of the system reform carried out on the 1st of last month. Financial authorities and exchanges raised the market capitalization standard from 15 billion won to 20 billion won on the KOSDAQ and 30 billion won on the KOSPI from 20 billion won to 30 billion won, and added a new requirement for coin stocks with a closing price of less than 1,000 won to both markets. If it falls below the standard for 30 consecutive trading days, it will be designated as a management item.<\/p>\n

\"\uc0ac\uc9c4\uc124\uba85\"\/ \uc0ac\uc9c4 \ud655\ub300 <\/p>\n

This time, in particular, the results of the first application of the coin stock standard were revealed all at once. The market capitalization standard has been designated sequentially because it raised the threshold of existing requirements, but the new coinage requirement, which was established on July 1, came at the same time and took 23 companies on KOSDAQ alone. Financial authorities cited the fact that coin stocks show low market capitalization and high volatility and may be abused for market price manipulation as the background of the introduction of the system.<\/p>\n

Warnings were already spreading throughout the market. By the 11th, 46 companies under 20 billion won in market capitalization and 38 companies under 1,000 won in stock prices were warned more than once, excluding redundancy. Some escaped by restoring the baseline just before the designation, but many failed to escape the condition of falling short for 30 consecutive trading days.<\/p>\n

Listed companies are bound to be nervous because the conditions for recovery will become drastically strict when the management is included. Before the designation, even if the closing standard is restored for just one day, the record of consecutive shortfalls will be broken. On the other hand, once designated, delisting can be avoided only when it exceeds the market capitalization or stock price standard for 45 consecutive trading days within the 90-day improvement period. It is designed to make it difficult to avoid being kicked out by raising stock prices a day or two.<\/p>\n

The pressure to exit will only increase in the future. The KOSDAQ market capitalization standard will rise from 20 billion won to 30 billion won again in January next year. Companies that narrowly passed the 20 billion won threshold this year and avoided designation should meet the higher standard after half a year. As the financial authorities have set the period of intensive management of delisting from February this year to June next year and are operating a separate management system within the exchange, restructuring of the lower part of the KOSDAQ is expected to begin in earnest with the inclusion of the group.<\/p>\n

An official from the Korea Exchange explained, “If the stock price of less than 1,000 won reaches the 30th trading day, it will be designated as a management item,” adding, “The countdown has now begun.”<\/p>\n","protected":false},"excerpt":{"rendered":"Designated for the first time after strengthening KOSDAQ securitiesIf combined, 27 items under the market share will be…\n","protected":false},"author":2,"featured_media":117437,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[457],"tags":[60560,60559,11140,50043,337,864,60558,58930],"class_list":["post-117436","post","type-post","status-publish","format-standard","has-post-thumbnail","category-korea-exchange","tag-23-companies","tag-30-trading-days","tag-delisting","tag-financial-authorities","tag-korea-exchange","tag-krx","tag-management-items","tag-marginal-companies"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/117436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=117436"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/117436\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/117437"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=117436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=117436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=117436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}