What Happened? : KOSDAQ Continues Deliberation

On September 23, 2025, the KOSDAQ Market Committee decided to continue its deliberation on Hyundae Saryo’s listing eligibility. While the formal delisting reason stemming from the 2023 audit opinion refusal has been resolved, the substantive review process continues, leaving the company’s future uncertain.

Why Does it Matter? : High Probability of Delisting Remains

The continued deliberation signals a high probability of delisting. Hyundae Saryo faces serious financial challenges, weakened business competitiveness, and a precarious market position. While the decision buys the company some time, without addressing these fundamental issues, delisting remains a significant threat.

What Should Investors Do? : Extreme Caution Advised, Recovery Unlikely

Investors should exercise extreme caution. In the current situation, the value of Hyundae Saryo stock is likely to approach zero. Recovery is highly unlikely. Closely monitor the KOSDAQ committee’s final decision, the outcome of any appeals, and the company’s disclosures.

Investor Action Plan: Monitor Situation, Seek Further Information

  • Monitor KOSDAQ’s Final Decision: Track official announcements regarding the final delisting decision.
  • Review Appeal Outcomes: If any appeals are filed, carefully analyze the basis and subsequent actions.
  • Monitor Company Disclosures and News: Stay informed about any developments or changes in the company’s situation.