Korea flags 36 penny stocks under tougher delisting rules

South Korea has put 36 listed companies on notice under tougher rules designed to accelerate the removal of penny stocks and financially weak firms. The Korea Exchange designated the stocks as administrative issues Wednesday after their share prices or market capitalizations fell below minimum listing requirements. Nine trade on the Kospi and 27 on the Kosdaq. Of the total, 30 were newly designated, while six companies already under administrative issue status received additional grounds for pos

By The Korea Herald