South Korea Stock Consolidations Surge 24-Fold to 243 Cases in 4.5 Months Amid Delisting Reform

According to the securities industry, the number of stock consolidations among South Korean listed companies surged 24-fold to 243 cases in the roughly 4.5-month period since February 12 (when delisting reform measures were announced) through July 2. Companies are pursuing the strategy to maintain their listed status by avoiding penny stock standards and preventing market capitalization shortfalls.
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