TechFlow News, June 29: According to The Chosun Ilbo, South Korea’s revised listing regulations will officially take effect on July 1, raising the retention threshold for the KOSDAQ market. Amid sustained declines in Bitcoin and other crypto assets, coupled with capital outflows from the KOSDAQ, several publicly listed Digital Asset Treasury (DAT) companies face delisting risks. Among them, Bitmaxs’ market capitalization stands at only KRW 13.1 billion—below the new minimum standard of KRW 20 billion for the second half of the year; Parataxis Ethereum (KRW 26.8 billion) and Bit Planet (KRW 33.1 billion), though currently meeting the threshold, both fall short of the raised standard of KRW 30 billion effective January next year.
Bitcoin’s price has plunged from its all-time high of $120,000 last year to the latter half of $50,000 this month, triggering massive valuation losses on DAT companies’ books. The new regulations also explicitly prohibit companies from circumventing delisting via measures such as capital reduction or share consolidation. Should market capitalizations continue to decline, affected companies could begin initiating delisting procedures as early as next January.
