Korea Exchange Exempts 191 Prime KOSDAQ Listed Companies from Prior Disclosure Review

[Asia Economy Reporter Eunmo Koo] The Korea Exchange announced on the 29th that, as a result of the regular review of 1,412 companies listed on the KOSDAQ market, a total of 191 companies were designated as 'Companies Exempt from Prior Verification of Disclosure Contents' effective from the 4th of next month. Among them, 143 companies were re-designated, 48 were newly designated, and 47 were delisted from the designation.

The exemption system for prior verification of disclosure contents allows listed companies to immediately submit and externally distribute disclosures they have prepared without undergoing the Korea Exchange's prior review process. This system applies to companies that meet basic requirements such as having been listed for more than five years, and are either designated as excellent disclosure companies within the last three years or belong to the Prime Market with a market capitalization of 100 billion KRW or more.

The Exchange also designated 57 companies as 'Investment Caution Alert Stocks,' which require investor caution due to being under management or facing delisting risks.

Among these, 37 companies including GV, Redrover, IMTEC, and GL Pharmtech were newly designated, and 17 companies such as EMW, KD, Moda, and Biovil were re-designated. Companies like Codaco, Barun Electronics, iTox, ACT, CodeNature, and HiSonic were removed from the designation.

Additionally, the Exchange announced that 377 companies were designated to the Prime Market through the regular designation of KOSDAQ sectors, an increase of 4 companies compared to before the review. The Venture Market has a total of 270 companies, down by 22 from before the review. The Mid-Cap Market increased from 476 to 493 companies, while the Technology Growth Market decreased from 90 to 89 companies.

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