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Delisting firms falling short of market cap threshold gain path to KONEX under exchange rule revision

Korea Exchange revised its KONEX market listing rules to allow KOSPI and KOSDAQ companies designated as issues under administration solely for failing to meet market capitalisation thresholds to apply for a transfer listing on KONEX if they satisfy set financial requirements. Firms must meet profitability conditions or capital thresholds and have no capital impairment. The rule takes effect from Sept. 23, with deadlines for prior consultation and new listing applications.