The Korea Exchange (KRX) designated 36 corporations as under watch because they are penny stocks (share price below 1,000 won) or failed to meet the market capitalization standard. If they fail to exceed the standard on 45 or more of the next 90 trading days, they will be subject to delisting.
The Korea Exchange (KRX) said on the 12th that grounds had arisen to place 36 issues under watch on the Korea Exchange and KOSDAQ markets for failing to meet the share price or market capitalization standard. Of these, 30 are newly subject to designation, and six were already under watch but had new grounds added. The designation date is the 13th.
Earlier, the Financial Services Commission announced in Feb. the "delisting reform plan for swift and strict exit of insolvent corporations," and, starting last month, made it so that if a market capitalization below 30 billion won on the Korea Exchange market or below 20 billion won on the KOSDAQ market continues for 30 consecutive trading days, the issue is designated under watch. In addition, it newly introduced a share price standard that designates an issue under watch if the closing price remains below 1,000 won for 30 consecutive trading days. If they fail to exceed the standard on 45 or more of the subsequent 90 trading days, they proceed to delisting.
In the Korea Exchange market, four were designated under watch for failing the share price threshold. Daeyoung Packaging(014160), Hyungji Elite(093240), Ilshin Stone(007110), and Ontide(005320). Six were designated under watch for having a market capitalization below 30 billion won: SUN&L, KEC Holdings(006200), Taewon Mulsan(001420), Daewon Chemical(024890), 남성, and Ontide(005320).
In the KOSDAQ market, 23 were designated under watch for failing the share price threshold: Wooree Enterprise(037400), TKG Aikang(022220), CMG Pharmaceutical(058820), Shaperon(378800), Good People(033340), JMI(033050), SDN(099220), Omnisystem(057540), INNO INSTRUMENT(215790), ESTaid(239340), Noul(376930), S-Energy(095910), Lab Genomics(084650), NUINTEK(012340), ABION(203400), Hyungji Global(308100), E8(418620), BK Holdings(050090), i-Scream edu(289010), Wonpung Mulsan(008290), Barunson E&A(035620), Soosung Webtoon(084180), and A.F.W(312610).
In the KOSDAQ market, six were designated under watch for having a market capitalization below 20 billion won: KUKIL METAL(060480), Hantop(002680), Fashion Platform(225590), S&W(103230), Hyungji Global(308100), and E8(418620).