| Sales amount |
Less than KRW 5 billion at the end of the latest fiscal year (on the basis of consolidated financial statement, in case of a holding company),provided that in the case of a corporation newly listed in compliance with the management and requirements stipulated under Article 29 (1) subparagraph 4 (d) or (e), this subparagraph shall not apply to the business year of the listing date and the following five consecutive business years. |
Less than KRW 5 billion in 2 consecutive fiscal years |
| Impaired capital |
When the capital impairment ratio exceeds 50% at the end of the most recent fiscal year |
- Impairment of entire capital at the end of the most recent fiscal year
- When the capital impairment ratio exceeds 50% for 2 consecutive fiscal years
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| Stock Price |
When the price dropped below 20% of face value and such situation continued for 30 consecutive days
주의Excluding the company with market value over KRW 500 billion
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When failing to satisfy the requirement that the stock price must be higher than 20% of face value for 10 consecutive days and total of 30 days during the 90 days following the designation as administrative issue |
| Market capitalization |
When the market value dropped below KRW 5 billion and such situation continued for 30 consecutive days |
When failing to satisfy the requirement that the market value must be higher than KRW 5 billion for 10 consecutive days and total of 30 days during the 90 days following the designation as administrative issue |
| Audit Opinion |
- When the review opinion on the semi-annual report is adverse or disclaimer of opinion
- When the audit opinion on the annual report is qualified opinion due to the limit placed on the scope of audit
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- When the audit opinion on the annual report is adverse or disclaimer of opinion
주의In case where the audit opinion is due to the uncertainty about going concern, the delisting is postponed until the end of semi-annual period if the cause of the uncertainty has been resolved
- When the audit opinion on the annual report is qualified opinion due to the limit placed on the scope of audit 2 consecutive fiscal years
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| Stock distribution |
- when the number of general shareholders is less than 200
- when the total number of the stocks held by general shareholders is less than 5/100 of the floating stocks
주의not applied to case where the total number of stocks held by general shareholders is at least 2,000,000
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- when the number of general shareholders as of the end of the latest business year is less than 200 while being designated as after designation as administrative issue
- when the total number of the stocks held by general shareholders is less than 5/100 of the floating stocks while being designates as administrative issue
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| Trading volume |
When the average monthly trading volume in the semi-annual period dropped below 1% of no. of floating shares
주의Not applied to the case where the average monthly trading volume is higher than 20,000 shares or over 300 public shareholders hold more than 20% of floating shares
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When the average monthly trading volume in the semi-annual period dropped below 1% of no. of floating shares and such situation continued for another semi-annual period |
| Unfaithful disclosure |
When over 15 points of penalty points related to unfaithful disclosure have been accumulated in 1-year period |
(Subject to Listing-Maintenance Review)
- When the penalty points more than 15 has been accumulated in recent 1 year after designation as administrative issue
- Case of being designated as unfaithful disclosure corporation, because of intentionally or by major mistake violating the disclosure requirement of matter that may have serious influence on corporate management
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| Disclosure documents |
When failing to submit the quarterly report, semi-annual report and annual report |
- When failing to submit the quarterly report, semi-annual report and annual report 2 consecutive times
- When failing to submit the annual report within 10 days of legal submission deadline
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| Outside directors, etc. |
When failing to satisfy the requirement that for composition of outside directors / audit committee |
When failing to satisfy the requirement that for composition of outside directors / audit committee for 2 consecutive years, provided that the grounds for delisting shall not be applied in cases where the inadequate state of corporate governance is caused by the lack of a quorum at the general meeting of shareholders. |
| Application for rehabilitation / Bankruptcy |
- When a request for commencement of rehabilitation procedure is filed
- When an application for bankruptcy is filed
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(Subject to Listing-Maintenance Review)
- When the application for commencement of rehabilitation procedure is dismissed, the decision on the commencement of rehabilitation procedure is cancelled, the rehabilitation plan is disapproved, or the decision is made to retract the commencement of rehabilitation procedure
- Case of final bankruptcy or suspension of bank transactions
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| Others(Immediate Delisting) |
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- Case where the cause of dissolution has occurred under the laws
- Case of restricting transfer of stocks
- Case where the concerned company becomes a wholly owned subsidiary f a holding company and the stocks of concerned holding company is initially listed
- In the event of backdoor listing, case of violating the regulations related backdoor listing
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