Kumyang has been given a year-long improvement period after facing the risk of delisting due to an 'opinion rejection' from an external auditor.
The Korea Exchange announced on the 12th that it has decided to grant Kumyang an improvement period until April 14, 2026. Trading suspension will continue until the next decision.
Kumyang faced the reason for delisting on March 21 due to the rejection of the audit opinion by the external auditor. After the Korea Exchange initiated substantial review procedures for delisting, Kumyang filed an objection on the 10th of this month.
Whether Kumyang can resolve the reasons for delisting during the improvement period is crucial. Ryu Kwang-ji, the chairman of Kumyang, said at a regular shareholders' meeting held at the end of March that if the Korea Exchange grants the improvement period, funding would be quickly secured domestically and internationally.