KOSDAQ Overhauls Listing Rules, Expects to Delist Around 50 Companies This Year

According to the Korea Exchange on July 1, KOSDAQ, South Korea's secondary stock market, is implementing major reforms on its 30th anniversary to restore market credibility. The exchange will strengthen delisting requirements for underperforming companies and expand support for innovative enterprises. Under revised rules, companies trading below 1,000 Korean won for 30 consecutive trading days will be designated as managed stock; failure to recover above 1,000 won within 90 trading days results in delisting. The exchange estimates approximately 50 companies will be delisted this year under the new criteria. Additionally, KOSDAQ will introduce a tiered market structure and expand customized listing criteria for AI, biotech, semiconductors, space, and defense technologies to include advanced robotics, K-content, and cybersecurity sectors.
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