KB Asset Management ETFs and 16 Other Stocks to Be Delisted Next Month

The Korea Exchange (KRX) announced on the 24th that it will delist 16 small-scale exchange-traded funds (ETFs) with decreased trust principal amounts at the request of the asset management companies.

Korea Exchange, Yeouido, Seoul. Photo by Jinhyung Kang aymsdream@

The voluntarily delisted ETFs include 14 products from KB Asset Management such as 'KBSTAR 200IT,' 'KBSTAR 200Junggongup,' and 'KBSTAR 200Geonseol,' and 2 products from Hanwha Asset Management, 'ARIRANG 200Dongilgajung' and 'ARIRANG KRX300.'

The trading suspension date is scheduled for the 25th of next month, and the delisting date is set for the 26th of next month.

Investors holding these ETFs can sell them at the prices offered by liquidity providers (LPs) until the 24th of next month.

For investors holding the ETFs until the delisting date, the redemption payment, calculated by deducting management fees and other expenses from the net asset value, will be paid on the 28th of next month.