Chorokbaem Media Plans to Submit Appeal Against Delisting... "Strong Fundamentals Including Performance, Active Response"

Chorokbaem Media announced on the 22nd that it plans to submit an objection to the Korea Exchange KOSDAQ Market Committee regarding its delisting as soon as possible.

According to the Financial Supervisory Service's electronic disclosure system, the KOSDAQ Market Committee deliberated and resolved the delisting of Chorokbaem Media's stock on the 20th. Chorokbaem Media has been granted a period of 15 days to submit an objection.

A representative of Chorokbaem Media stated, "Since being designated as a subject of the delisting suitability review by the Korea Exchange in July, we have been sincerely cooperating with the related investigation," adding, "We have already submitted the management improvement plan requested by the Korea Exchange within the deadline."

He continued, "In this objection, we will strongly emphasize the company's stable financial structure, business continuity, and management transparency, highlighting the improvements made so far," and stressed, "We also plan to communicate our significant performance growth over the past few years, including this year, along with our future growth plans."

Founded in 1998, Chorokbaem Media has established itself as a leading content company in Korea based on 25 years of experience. It has produced numerous hit works such as "All In," "Firebird," "Jumong," "My Mister," and "Penthouse," and last year achieved its highest-ever sales of 192.5 billion KRW since its establishment.

The trend of performance improvement continues this year as well. Having already recorded sales of 166.5 billion KRW through the third quarter, the company is on the verge of surpassing last year's record-breaking performance. Operating profit has also been steadily maintained, demonstrating sound management.

Chorokbaem Media plans to further expand its production lineup next year to accelerate its growth momentum. The company intends to maximize both quantitative and qualitative growth through various innovative attempts such as Web 3.0, and states that there are absolutely no issues with its performance fundamentals.

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