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Photo = Korea Exchange |
[Alpha Biz= Reporter Kim Sangjin] The Korea Exchange has halted trading for a total of 100 listed companies, with their combined market capitalization surpassing 10 trillion won. As of the 25th, the affected companies include 21 from KOSPI, 74 from KOSDAQ, and 5 from KONEX.
The average trading suspension period for these companies is 438 days, with 50 of them having been suspended for over a year. Companies like iCell, Earth & Aerospace, and Juseong Corporation have faced suspensions exceeding 1,600 days. The breakdown of suspension periods includes 6 companies suspended for 3 to 4 years, 9 for 2 to 3 years, 32 for 1 to 2 years, and 50 for less than a year.
When trading is suspended, investors' funds are tied up until the company resolves the suspension issue or the exchange decides on delisting after review. This year alone, 46 companies have been suspended, mostly due to reasons leading to potential delisting, which suggests that trading suspensions may continue for an extended period.
The exchange is currently researching ways to shorten the suspension period. Plans include reducing the review period for KOSPI companies from a maximum of 4 years to 2 years and simplifying the delisting process for KOSDAQ companies from three tiers to two. An official plan is expected by the end of the year.
AlphaBIZ Kim SangJin(letyou@alphabiz.co.kr)
