Listing

HOME Rules & Regulations Listing Examination of KOSPI Market Listing Relisting

Examination of KOSPI Market Listing_Relisting

When to Request Listing

Before the shareholders' meeting to be held for approval of closing financial statement of the year to which the date of registration of establishment belongs. However, in case where a company established through physical split up meets the number of years in operation, size and financial requirements among the listing criteria, the request should be made within three years since the date of registration of establishment.

Relisting criteria for company established by carving out or merger after split-up (Article 36-2 of the Stock Market Listing Regulation)

Listing Crieria		Specifics
Operating History		Have been operating major business division for at least 3 years since establishment
Appointment of outside directors		At least 25% of the board members
Quantitative Requirement	Corporate sizet	One of the followings Shareholders equity of KRW 10 billion or more as of application date Market Capitalizationof KRW 20 million or more Market Cap.=Offering price x No. of shares to be listed
Quantitative Requirement	Sales	At least KRW 20 billion for the latest year and KRW 20 billion on average for three fiscal years
Distribution Requirement	No. of shares held by minority shareholders, etc.	One of the followings At least 25% should be allocated to minority shareholders At least 25% should be publicly offered At least 10% of shares offered through public offering after application for listing eligibility review should be as follows In case shareholders equity is KRW 50 bill ~ 100 bill or market capitalization is KRW 100 mill ~ 250 mill : 1 million shares In case shareholders equity is KRW 100 bill ~ 250 bill or market capitalization is KRW 250bill~KRW 500bill : 2 million shares In case shareholders equity is KRW 250 bill ~ or market capitalization is KRW 500bill~ : 5 million shares At least 10% of shares publicly offered simultaneously on overseas exchanges and the KRX and at least 1million shares publicly offered iin Korea (based on the par value of KRW 5,000)
	Offering requirement	After filing an application for listing eligibility review, at least 5% and KRW 1billion should be publicly offered.
	No. of minority shareholders	No. of owners of the shares with the voting right should be at least 1,000
Financial Requirement	Capital impairment	Capital should not have been impaired
Protection of investors	Permanence of business	Reliability of business Acknowledged independency of business, continuity of main business, establishment of solid business foundation Management and profit structure Growth potential of main business, ability to maintain recent profit level, established financial stability
	Management transparency	Management composition Confirmation that the largest shareholder and persons with special relationships with the company will faithfully perform their duties as officers of the company Corperate Governance Structure Establishment of regulations relating to management such as an article of incorporation and business regulations, establishment of internal control, independence from business conglomerate
	Disclosure and protection of shareholders’ benefits	Appropriateness of accounting Transactions with the largest shareholder Establishment of disclosure system

If you have questions regarding the listing requirements and procedures for our KRX-Stock Market Division Headquarters, please use the phone numbers or e-mail addresses below.

Contents Manager :: KOSPI Market Division/Listing Rules & Regulations/Se-Min Lee(02-3774-8703)

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