Shinhwa Industrial Faces Grounds for Substantial Review of Listing Eligibility

[Asia Economy Reporter Minwoo Lee] Korea Exchange announced on the 9th that it will decide whether Shinwha Industrial falls under the review target of the Corporate Review Committee in accordance with Article 49 of the Securities Listing Regulations, following the company's referral to the prosecution for violation of accounting standards. If decided as a review target, trading suspension will continue, and the company will be guided through the Corporate Review Committee's review procedures.