TechFlow reports, July 2, according to Digital Asset, the Korea Exchange (KRX) announced revisions to listing rules, stipulating that companies listed under the tech exception will be subject to substantive delisting review if they change their primary business purpose within 5 years after listing. This measure primarily targets behaviors where certain biotech and other companies, after listing on KOSDAQ via the tech exception, transform their main business into digital asset investment or virtual asset treasury (Crypto Treasury), among other activities.
KRX explicitly stated that such changes indicate the original technical capabilities and growth potential are no longer valid, necessitating the initiation of a delisting review. Furthermore, companies listed under the exception must mandatorily disclose corporate value enhancement plans during the listing exemption period to safeguard investors' right to information. This revision also covers the expansion of innovation enterprise quality assessment standards, the establishment of a low PBR company disclosure system, and the refinement of systems related to stocks with multiple voting rights.
