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South Korean exchanges tighten rules for companies listed under technical exemptions; firms that transition to cryptocurrency exchanges within five years of their IPO will face delisting reviews
Svmuu News: The Korea Exchange announced revisions to its listing rules, stipulating that companies listed through the technology exception procedure will be subject to a substantive delisting review if they change their primary business purpose within five years of their IPO. A change in business purpose refers to an addition or amendment to the company’s articles of incorporation, but does not include changes related to businesses that are similar to or ancillary to the original primary business.
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