Kukil Paper, which escaped a delisting crisis, recorded its upper limit price on the first day of its transaction resumption in more than two years on the 21st.
As of 9:09 a.m. on that day, Kukil Paper reached the upper limit price of 559 won, up 129 won (30.00%) from the opening price of 430 won. The reference price for Kukil Paper was set at 800 won, and its average stock price was recorded in the 2000 won range before the transaction suspension at the beginning of 2023.
Kukil Paper had entered restructuring proceedings due to poor performance and its inability to repay private loans. An external audit raised the opinion of 'uncertainty about continuing as a going concern,' and various issues emerged, including confirmation of management misconduct. As a result, the Korea Exchange designated Kukil Paper last year for management and as a subject for substantial delisting review.
However, at the corporate review committee held on the 18th, it was decided to maintain the listing of Kukil Paper, allowing transactions to resume.