14 KOSPI Companies and 43 KOSDAQ Companies
Up Two from Last Year
As of December last year, it was found that 57 listed companies (14 on KOSPI and 43 on KOSDAQ) are at risk of being delisted from the stock market.
The Korea Exchange announced on the 9th the '2024 Fiscal Year December Settlement Corporations Market Measures Status' for the KOSPI and KOSDAQ markets.
As a result of the settlement, in the KOSPI market, 14 companies received a 'disclaimer of opinion' from auditors and are facing delisting risks. Beomyang Geonyeong, KC Cottrell, KC Green Holdings, Geumyang, Sambu Construction, and 7 other companies received a disclaimer of opinion for the first time this time. These companies can file an objection within 15 days from the delisting notification date, and upon objection, the Exchange may decide whether to grant a remedial period.
Gukbo, Wellbiotech, Hanchang, and EID are four companies that received a disclaimer of opinion for two consecutive years. These companies will have their delisting status decided through a review by the Listing Disclosure Committee after the remedial period ends on the 14th. However, EID, along with IHQ, KH Philux, and Sewon ENC, which received disclaimers for three consecutive years, will have their delisting decided by the Listing Disclosure Committee and will not undergo a separate delisting procedure.
The Exchange newly designated Beomyang Geonyeong, Star SM REITs, and EN Plus, which newly triggered delisting reasons, and Dynamic Design, which received a qualified opinion due to scope limitation, as management stocks. Among existing management stocks, A-REITs, Taeyoung Construction, and Inbiogen were released from management stock designation.
In the KOSDAQ market, 43 companies triggered auditor opinion deficiency reasons. Nineteen companies, including MIT, GW Biotech, and Korea Union Pharmaceutical, received a disclaimer of opinion or a qualified opinion due to scope limitation for the first time, triggering delisting reasons.
These companies can file an objection within 15 business days from the delisting notification date, and in such cases, a remedial period of up to 10 days from the day after the statutory submission deadline of the next business report will be granted.
Twenty companies, including Winia Aid, Zenen Bio, and Sunshine Food, which received auditor opinion deficiencies for two consecutive years, will have their delisting status decided through a review and resolution by the Corporate Evaluation Committee this year.
Four companies, including Hanul BnC, KH Mirae Trading, KH Construction, and Jangwon Tech, which have had auditor opinion deficiencies for three or more years, will have their delisting decided by the Corporate Evaluation Committee without a separate delisting procedure.
The Exchange newly designated 28 companies as management stocks and released 6 companies from designation. Additionally, 31 companies were newly designated as investment caution stocks, and 31 companies were released from designation.
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