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KOSDAQ rally faces policy test as segmentation delays, tougher delisting rules loom

After posting its strongest August gain since launch, South Korea’s KOSDAQ is facing a policy test in September. Plans to introduce a tiered market segmentation aimed at attracting institutional money have been delayed, while tougher delisting rules are raising concerns about pressure on growth firms. Trading value remains weak despite the rally. The exchange has yet to hold a public hearing on the segmentation plan. Delisting cases could emerge from Oct. 21 under current rules.