Shape up or be delisted, Korean watchdog warns companies

Financial Supervisory Service Gov. Lee Bok-hyun said companies that don't meet certain standards should be delisted.

2024-02-28

Chorokbaem Media to challenge Kosdaq delisting

Chorokbaem Media, a Korean production company, will file an objection to the Korea Exchange's decision to delist the firm. The objection will emphasize the company's stable financial structure and current management transparency.

2023-11-22

Osstem Implant stocks climb as company seeks delisting

Osstem Implant stocks are climbing Friday following its announcement of convening a shareholders’ meeting to delist itself from the market. It had a board meeting and agreed to hold an extraordinary general meeting of shareholders on June 28...

2023-05-19

Paycoin nixed by exchanges after failing to open required bank accounts

Paycoin (PCI) will be booted from three crypto exchanges, including the largest in Korea, after failing to establish sub-accounts as required by the regulators.

2023-04-03

Delisting of Wemade's Wemix coins was justified: Court

Wemade shares crashed Thursday after a court sided with crypto exchanges and upheld their delisting of Wemade's Wemix tokens. The exchanges said that Wemade had not properly disclosed the number of tokens outstanding. In its decision, the ...

2022-12-08

Seoul court sides with crypto exchanges to delist Wemix

The Seoul Central District Court sided with crypto exchanges on Wednesday evening, dismissing Wemade’s request to cancel a decision made last month by local crypto exchanges to delist Wemix tokens from their services. The verdict comes ...

2022-12-08

Court decision on Wemix delisting will come Dec. 7

A decision will be announced next Wednesday on whether crypto exchanges will have to revoke their decision to delist the Wemix cryptocurrency. “We will make a decision before the evening of Dec. 7,” the Seoul Central District court said in a ...

2022-12-02

FSS studies how cryptocurrencies are delisted

The Financial Supervisory Service (FSS) is reviewing the regulations for delisting cryptocurrencies. The review follows a Thursday announcement by the Digital Asset eXchange Alliance (DAXA), a trade group representing five Korean virtual ...

2022-11-27

Wemade CEO blasts delisting of Wemix coin by Korea's DAXA

Wemade's coin is in trouble, and it's taking the company down with it. Digital Asset eXchange Alliance (DAXA), a trade group representing five Korean exchanges, announced Thursday night that Wemix, Wemade’s cryptocurrency, will be ...

2022-11-25

Wemix to be delisted, Wemade stock plummets 30% on news

Wemix, a cryptocurrency issued by Wemade, will be delisted from five Korean crypto exchanges, the companies said Thursday night. The five exchanges — Upbit, Bithumb, Coinone, Korbit and Gopax — will stop the trading of Wemix coins from ...