'Deokin, Iretech' Approved for K-OTC New Registration

The Korea Financial Investment Association approved the new K-OTC market listings of two companies, Deokin and Ireteche, on the 21st. Trading will begin on the 26th.

Deokin, established in 1990, is engaged in the manufacturing of 3D measuring instruments, industrial X-rays, and precision measurement inspection equipment. It is a small and medium-sized enterprise supplying advanced precision devices to various global companies such as Hyundai Motor Group, Hanwha Aerospace, and LG Energy Solution.

A representative of Deokin stated, “We have secured a leading position in the 3D measuring instrument business and the inline measurement inspection market, and we are entering the battery inspection market with AI-based X-ray inspection technology. Through this entry into the K-OTC market, we will strive to enhance corporate recognition and corporate value.”

Ireteche, established in 2001, is a small and medium-sized enterprise primarily engaged in the manufacturing and sales of electromagnetic compatibility testing laboratories and electromagnetic measurement-related products.

A representative of Ireteche said, “By entering the K-OTC market, we will strengthen our investment attraction capabilities and become a global leader in the electromagnetic compatibility testing and measurement field through stable funding.”

Additionally, Wooyang HC, a mid-sized company supplying plant facilities related to energy, environment, and power generation, was newly designated.

Wooyang HC was newly designated in June 2020 but was delisted in April 2023 due to a disclaimer of opinion on its audit report. However, after the audit report was reissued with an unqualified opinion in July of the same year, it has now been newly designated again.

With this new approval, the total number of companies listed on the K-OTC market has reached 143.

The stocks of Deokin, Ireteche, and Wooyang HC can be traded through securities firms’ HTS starting from the 26th. On the first trading day, trading will be possible within a range of 30% to 500% of the net asset value per share. Thereafter, the price limit will be ±30% of the previous day’s weighted average price.

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