Kumyang filed for an injunction with the court to suspend the effect of the Korea Exchange (KRX)'s delisting decision.
Kumyang disclosed on the 21st that it "applied to the Seoul Southern District Court for an injunction to suspend the effect of the delisting decision."
Earlier, the Korea Exchange (KRX) disclosed that on the 20th the Listing Disclosure Committee of the KOSPI market deliberated and resolved to delist Kumyang.
The reason, it said, is that Kumyang received a "disclaimer of opinion" from an external auditor in the 2025 audit report following the 2024 fiscal year, which constitutes grounds for delisting.
The day before, regarding the delisting decision, Kumyang issued a statement saying it would "honor the earnest wish of 240,000 shareholders to maintain the listing and, to receive a fair judgment, immediately submit an application to the court tomorrow (the 21st) morning for an injunction to suspend the effect of the delisting."