According to Digital Asset, the Korea Exchange (KRX) announced revisions to the KOSDAQ listing rules and implementing details. Companies listed under technology special cases that change their main business within five years of listing will be subject to delisting substantive review. This move is seen as closing the loophole for companies that, after listing via technology special cases, pivot to virtual asset treasury and similar businesses. KRX stated that if a company adds or changes its main business through amendments to its articles of incorporation, and that business is not similar or ancillary to the original main business, it may trigger a review.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
Add a comment
Add a comment
AirdropCheck-InOfficer
· 2h ago
KRX’s move is basically a pre-emptive guess—otherwise, a bunch of traditional companies would IPO and instantly turn into “using money vaults to trade crypto” machines, and retail investors would be left holding the bag.
View OriginalReply0
CheckingEthInTheElevator
· 7h ago
South Korea’s move is precise, specifically targeting companies that use backdoor listings to speculate on cryptocurrencies.
View OriginalReply0
TheNemesisOfFomo
· 7h ago
5-year lock-up period + substantive review, the arbitrage space of KOSDAQ technology special cases has been compressed, and regulation has finally caught up.
View OriginalReply0
TheWindBeneathTheCyberBridge
· 7h ago
The revision of the detailed wording is quite interesting. Who holds the authority to define the 'similar or accessory scope'?
View OriginalReply0
  • Pinned