- Although the delisting criteria of the KONEX market is similar to those of the KOSPI and KOSDAQ markets, the delisting criteria relating to financial status and business performance are not applied considering the nature of business and financial conditions of startups – small-sized business, weak financial status and highly volatile business performance -. Instead, by stipulating the appointment of the designated advisor as one of the delisting criteria, the Exchange intends to have insolvent corporations unlisted quickly through termination of appointment agreement of the designated advisor in case where the designated advisor deems the corporation concerned cannot maintain its listing status.
|Designated Advisor not appointed||When the corporation fails to sign a designated advisor agreement within the period* noted in the special provision after listing
Two years from the listing date for corporations that belong to Startup company category and three years for corporations that belong to Crowdfunded company category.
|Failure to submit disclosure materials||
|Failure to hold IR||Failure to hold investor IR for two consecutive half-year periods, and at least 4 times for 3 years|
|Listing maintenance review||