KOSDAQ Market Cap Threshold Hike Leaves 194 Firms Below Delisting Standard

194 KOSDAQ firms fall below new 20B won cap threshold, representing 10.6% of listings. Stricter rules mandate recovery within 90 days to avoid delisting procedures.

Woofun AI data shows that as of August 7, 194 companies on South Korea's KOSDAQ market held market capitalizations below the management stock classification threshold, comprising 10.6% of the 1,820 total listings. The KOSPI market recorded 41 such firms. Effective July 1, the KOSDAQ market cap requirement increased from 15 billion won to 20 billion won, while the KOSPI standard rose from 20 billion won to 30 billion won. Firms remaining below these levels for 30 consecutive trading days face management stock designation. To avoid delisting, these entities must maintain market caps above the threshold for 45 consecutive days within a 90-day window.

Additionally, 48 companies disclosed risks regarding stock price standards, with 38 on KOSDAQ and 10 on KOSPI facing potential classification if prices stay below 1,000 won for 25 consecutive trading days. Failure to reach the 1,000 won mark by August 12 could trigger management stock status the following trading day.