[Asia Economy Reporter Myunghwan Lee] Seowoo Global surged to the upper limit from the opening on the 31st. This is interpreted as a result of being delisted from the management stock category the previous day.
As of 9:40 AM on that day, Seowoo Global was trading at 2,115 won, up 29.75% (485 won) from the previous trading day, approaching the price limit of 30%.
The Korea Exchange KOSPI Market Headquarters announced the day before that Seowoo Global would be delisted from the management stock category, stating that although the audit opinion in the audit report was 'qualified,' it did not fall under the limitation due to audit scope restriction.
Seowoo Global faced the risk of delisting after receiving a 'disclaimer' audit opinion in the 2020 audit report.
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