Starlink shares have dropped over 80% on the first day of trading suspension ahead of their delisting.
On July 14, the Korea Exchange reported that Starlink was trading at 350 won, down 1,626 won (82.29%) from the previous trading day.
Starting today, Starlink has entered a trading suspension period due to its impending delisting, which will last until July 23. The delisting is set for July 24. During this suspension, there are no price limits, and trading occurs in 30-minute intervals from 9 a.m. to 3:30 p.m.
Starlink was designated as a cautionary investment item in 2024 due to the improper use of funds from a capital increase. In April 2025, it was classified as a management item after exceeding a 50% capital impairment ratio and reporting pre-tax losses exceeding 50% of its equity in two of the last three fiscal years, leading to a halt in trading.
In August of last year, the Korea Exchange decided to delist Starlink after considering the company's sustainability and management transparency. The company subsequently filed for a provisional injunction to suspend the delisting decision, delaying the trading suspension originally scheduled for September.
However, on July 10, the Seoul Southern District Court dismissed the injunction request, allowing the delisting process to proceed. As a result, Starlink resumed trading suspension today and is set to be delisted from the KOSDAQ on July 24.
* This article has been translated by AI.
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