Tag: financial stability
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Government Eases Path for Select Firms to Transition from KOSDAQ to KONEX
In a significant policy shift aimed at stabilizing the financial landscape, the South Korean government has announced a new measure allowing certain financially sound companies facing delisting on the KOSDAQ to transition to the KONEX market without undergoing the traditional liquidation process. This decision, confirmed by Deputy Prime Minister and Minister of Economy and Finance,…
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Government Delays KOSDAQ Delisting Criteria Increase and Introduces K-OTC Transition Plan
In a significant development for the South Korean financial markets, the government has decided to postpone the increase in the KOSDAQ delisting market capitalization threshold from 200 billion to 300 billion won by six months, now set to take effect in July next year. This decision was made during a market situation assessment meeting chaired…
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Enhanced KOSDAQ Delisting Standards Postponed as KONEX Transition Listing Introduced
In a significant policy shift, the South Korean government has decided to postpone the implementation of enhanced delisting standards for the KOSDAQ market by six months. Initially set to take effect in January 2024, the new market capitalization threshold will now be delayed until July 2024. This decision was announced during a market situation assessment…