South Korea will tighten delisting rules and remove low-priced stocks starting from July.

The Financial Services Commission of South Korea announced on Thursday that it plans to strengthen delisting rules to speed up the exit of companies that fail to meet necessary requirements. This move aims to improve the smaller-scale Korean KOSDAQ market, accelerate South Korea's transition to a productivity-focused financial system, and promote the development of innovative and startup companies. Starting from July 1st, companies with a market value below 20 billion Korean won will be delisted from KOSDAQ. By early next year, this threshold will be raised to 30 billion Korean won. For companies listed on the South Korea Composite Stock Price Index, the market value threshold will be raised to 30 billion Korean won in July and to 50 billion Korean won next year. Stocks priced below 1,000 Korean won will also be delisted starting from July.