KSD "40 Companies to Lift Lock-up on 639.14 Million Shares in July"

[Asia Economy Reporter Minji Lee] The Korea Securities Depository announced on the 30th that a total of 639.14 million shares of 40 listed companies registered under mandatory retention will be released next month.

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 according to relevant laws. By securities market, the Korea Exchange has 7 companies with 528.63 million shares, and the KOSDAQ market has 33 companies with 110.51 million shares.

The number of shares to be released from mandatory retention registration increased by 110.1% compared to the previous month (30.425 million shares) and by 362% compared to the same month last year (138.35 million shares).

The main reason for the release of mandatory retention registration shares in both the Korea Exchange and KOSDAQ markets was resale restriction (subscription). The top three companies by number of shares released from mandatory retention registration are Heung-a Shipping (213 million shares), LG Energy Solution (191.5 million shares), and SK Trustee Management Real Estate Investment Company (107.91 million shares). The top three companies by ratio of released shares to issued shares are Heung-a Shipping (88.59%), LG Energy Solution (81.84%), and SK Trustee Management Real Estate Investment Company (69.61%).