POSCO DX to Pursue Transfer from KOSDAQ to KOSPI Listing

POSCO DX is planning to transfer its listing to the Korea Composite Stock Price Index (KOSPI) to enhance shareholder value.

POSCO DX announced on the 23rd that it will hold a board meeting to submit a proposal for delisting approval for the KOSPI listing at an extraordinary general meeting of shareholders on October 5.

The company explained the transfer listing as "aimed at positioning itself as a leading company driving digital transformation (DX) within the capital market and ultimately maximizing shareholder value." It added, "By moving to KOSPI, where trading volume is relatively large and many high-quality companies are listed, it is expected to improve institutional investor demand and expand the investor base."

POSCO DX is an IT and engineering specialist affiliated with the POSCO Group and ranks 5th in market capitalization on the KOSDAQ market. It supplies 'smart factory systems' that apply automation equipment, control systems, integrated production management systems, warehouse automation, and industrial robots to secondary battery material production plants such as lithium, nickel, cathode materials, and anode materials.

In the first half of the year, the company recorded sales of 775.8 billion won and an operating profit of 64.3 billion won, representing increases of 65% and 98%, respectively, compared to the same period last year.

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