Fadu has shifted to a sole chief executive officer structure. The company said in a filing on Monday that it changed from a co-CEO structure of Nam Lee-hyun (남이현) and Lee Ji-hyo (이지효) to a sole CEO structure led by Nam after Lee resigned. Lee also stepped down as a registered director.

On the day, the Korea Exchange said it would exclude Fadu from a substantive review of listing eligibility. Trading in Fadu shares was suspended on Dec. 19 last year due to reasons for a substantive review of listing eligibility. The bourse decided to exclude the company from the review after examining the possibility of delisting under the requirements of Article 56, Paragraph 1 of the KOSDAQ market listing rules. Trading in Fadu shares will resume from Feb. 3.

Nam said in a statement on the day, "I would like to thank the bourse for deciding to lift the trading suspension," adding, "I would also like to thank shareholders who have trusted and supported the company for a long time, and I apologise for causing concern."

Nam also emphasised, "This year, along with a boom in the enterprise SSD market, we will be able to show growth into a true global fabless company."

Fadu will push measures to enhance management transparency and responsible management. Nam said, "We have carried out a board reshuffle," adding, "Starting with the resumption of trading, I will do my best to ensure we become an exemplary company with advanced governance and management transparency, along with growth as a global semiconductor company."