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Finance

FSC tightens delisting rules, revises market cap, penny stock and disclosure violation criteria

South Korea's Financial Services Commission approved changes to Korea Exchange listing rules to speed the removal of troubled companies. The revisions raise market-cap thresholds on a half-year basis, add stocks priced below 1,000 won as a new delisting trigger, and extend full capital impairment criteria to include half-year results. Disclosure violation standards are tightened by lowering the cumulative penalty-point threshold and flagging serious intentional breaches for review.

Finance

KOFIA discusses European expansion with Luxembourg ambassador

Korea Financial Investment Association held talks with Luxembourg on ways to support Korean financial investment firms expanding into Europe and identifying new global businesses. KOFIA said its chairman Hwang Seong-yeop met Luxembourg Ambassador to South Korea Jacques Flies on May 13. The meeting discussed Luxembourg’s role as an asset management hub, its digital asset infrastructure and its space industry ecosystem, and cooperation opportunities with Korea’s financial investment industry.

People

Korea Exchange appoints Han Gu as executive director

Korea Exchange held an extraordinary general meeting of shareholders and appointed new executive and outside directors. It appointed former Financial Supervisory Service deputy governor assistant Han Gu as an executive director. Public interest outside directors include Shin Yong-sang of the Korea Institute of Finance and former Smart Media Rep CEO Seok Won-hyeok. Yonsei University professor Shin Hyun-han was named a public interest outside director who will serve on the audit committee.