KSD Releases Mandatory Holding Registration for 186.98 Million Shares of 52 Companies Including Testrillion

[Asia Economy Reporter Lee Seon-ae]A total of 186.98 million shares of 52 listed companies registered for mandatory retention with the Korea Securities Depository (KSD) will be released in December.

According to the KSD on the 30th, 'mandatory retention registration' refers to the electronic registration of shares owned by major shareholders, etc., with the Korea Securities Depository for a certain period to restrict their disposal in order to protect general investors, as stipulated by relevant laws.

By securities market, the number of shares in the KOSPI market is 7.06 million shares of 1 company, and in the KOSDAQ market, 179.92 million shares of 51 companies. The number of shares to be released from mandatory retention registration in December decreased by 39.9% compared to the previous month (311.16 million shares) and by 42.1% compared to the same period last year (323.14 million shares).

The main reason for the release of mandatory retention registration in the KOSDAQ market was mergers (KOSDAQ). The top three companies in terms of the number of shares to be released from mandatory retention registration are TSTrillion (62.31 million shares), Zoom Internet (12.10 million shares), and Eight One (8.40 million shares), in that order.

The top three companies by the ratio of released shares to issued shares are TSTrillion (67.2%), Zoom Internet (44.8%), and Seokkyung AT (41.4%), respectively.