Mandatory Holding Release of 350 Million Shares Including POSCO International in January Next Year

On the 29th, the Korea Securities Depository announced that a total of 355.8 million shares of 41 companies, including POSCO International and Doosan Robotics, will be released from mandatory holding registration in January next year. Mandatory holding registration is a system where shares owned by major shareholders are electronically registered with the Depository to restrict their disposal for a certain period to protect general investors. This measure is intended to protect general investors from losses caused by a sharp drop in stock prices when major shareholders dispose of their shares.

The shares to be released from mandatory holding registration include 258.16 million shares of 4 companies listed on the KOSPI market and 97.64 million shares of 37 companies listed on the KOSDAQ market. The top three companies by the number of shares released from mandatory holding registration are Aprogen Biologics (187.17 million shares), POSCO International (52.54 million shares), and Hitecron Systems (18 million shares).

Companies with a high ratio of shares released compared to the total issued shares include Hitecron Systems (65.19%), Phil Energy (47.74%), and Everybot (35.66%). Additionally, 441,998 shares (0.68%) of Doosan Robotics will also be released from mandatory holding registration on January 5 next year.