As of August 10, 2026, 26 companies have dramatically escaped the threat of delisting after their stock prices exceeded 1,000 won for at least one day. The first step toward delisting for penny stocks is scheduled for August 13, when management designation will be implemented.
Since July 1, companies needed to maintain a stock price above 1,000 won for just one day within a 30-trading-day period to avoid management designation. While these companies have managed to grasp a lifeline, they still face challenges such as falling short of market capitalization requirements.
In the KOSPI market, CI Tech and D.Y. recorded prices of 1,002 won and 1,063 won, respectively, on July 29 and July 10, allowing them to avoid management designation. In the KOSDAQ, eight companies, including Melabity, Sambo Industry, Daesung Venture Investment, Joyworks & Co., Abko, Jarvis, and Coasia CM, also managed to evade delisting risks.
Additionally, some companies that had previously announced concerns about management designation saw their stock prices rise above 1,000 won. In the KOSPI market, Daekyo and Sangsangin Securities, along with Essentec, Wisebuzz, Dasan Solueta, Nubo, and Lumens in the KOSDAQ, are among those that benefited.
Eight companies, including Cherry Buro and Kookyoung G&M, temporarily halted trading due to stock consolidation processes, giving them more time to address their situations. As of August 10, 33 companies remain at risk of management designation.
However, even if these companies meet the penny stock criteria, they still face elevated market cap thresholds of 30 billion won for KOSPI and 20 billion won for KOSDAQ. As of August 10, 19 companies, including seven in the KOSPI and 12 in the KOSDAQ, have received notifications regarding management designation concerns based on their market capitalization.
Among these, Ontide, Moa Life Plus, E8, Woori Enterprise, and Hyungji Global have fallen short of both penny stock and market cap requirements, increasing their burden to maintain listing status. Market analysts are questioning whether it is appropriate to apply strict standards to small and mid-cap stocks amid recent market volatility.
* This article has been translated by AI.
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