Preferred shares with fewer than 500,000 listed stocks to switch to single-price trading from the 28th

[Asia Economy Reporter Song Hwajeong] From the 28th, the trading execution method for preferred stocks with fewer than 500,000 listed shares will be changed to single-price trading.

On the 14th, the Korea Exchange announced that, as of the 25th, preferred stock items with fewer than 500,000 listed shares will be switched to single-price trading (30-minute intervals) in both the regular market and the after-hours market following the close of trading.

For low-liquidity stocks currently applying 10-minute interval single-price trading and those excluded from the low-liquidity criteria due to liquidity provider (LP) contracts, if they meet the condition of having fewer than 500,000 listed shares, continuous single-price trading will also be applied.

The number of listed shares of preferred stocks will be evaluated based on the last trading day of each quarter, and stocks will be excluded from or included in the single-price trading target list on a quarterly basis. The first quarterly evaluation after the September implementation will be on December 30, the last trading day of the fourth quarter this year.

As of the 11th, a total of 31 stocks are subject to this system: 30 on the KOSPI and 1 on the KOSDAQ. On the KOSPI, these include KG Dongbu Steel Preferred, Dongyang 3 Preferred B, JW Choongwae Pharmaceutical 2 Preferred B, Shinwon Preferred, Hyundai Construction Preferred, Hyundai BNG Steel Preferred, DB HiTek 1 Preferred, SK Networks Preferred, Samsung Heavy Industries Preferred, among others; on the KOSDAQ, it is Softcen Preferred. The Exchange plans to finalize the list of target stocks by evaluating the number of listed shares as of the 25th.

An official from the Exchange stated, "This is a follow-up measure to the 'Preferred Stock Investor Protection Plan.' Other initiatives related to preferred stock investor protection, such as the introduction of price deviation rate requirements, are planned to be applied in December this year in line with system development schedules."

This content was produced with the assistance of AI translation services.