Korea Stock Market Insights

Tag: Delisting

  • JEIL M&S (412540) Crisis: Complete Capital Impairment, Investment Warning!

    1. What Happened? : JEIL M&S’s Shocking Semi-Annual Report

    JEIL M&S’s 2025 semi-annual report revealed a 35.6% decrease in sales, a net loss of KRW 26 billion, and complete capital impairment. The external auditor issued a disclaimer of opinion on the company’s ability to continue as a going concern, raising serious doubts about its survival.

    2. Why Did This Happen? : Analyzing the Reasons Behind the Deteriorating Performance

    A combination of factors contributed to the decline, including a sharp drop in sales in Europe, high dependence on specific customers, increased inventory valuation losses, and rising financial costs. Despite growth in the secondary battery market, internal management and financial issues are identified as the main culprits.

    3. What’s Next? : Future Outlook and Investment Implications

    In the short term, a sharp drop in stock price, potential trading suspension, credit rating downgrade, and difficulties in raising capital are expected. The long-term outlook remains highly uncertain, with the possibility of rehabilitation proceedings or even bankruptcy in a worst-case scenario.

    4. What Should Investors Do? : Investment Strategy Recommendations

    Do not invest (Sell/Hold). Currently, JEIL M&S is not a suitable investment target. Investors holding the stock should consider immediate reduction or complete liquidation of their positions. Investing in a company whose very survival is questionable could lead to significant losses.

    Frequently Asked Questions

    Is JEIL M&S facing delisting?

    The auditor’s disclaimer of opinion is grounds for delisting. Considering the current financial situation and the low likelihood of improvement, delisting is a real possibility.

    When will it be a good time to invest in JEIL M&S?

    It’s difficult to predict at this point. The company needs to show a clear recovery, including resolving the capital impairment and improving profitability, before investment can be considered.

    Should I cut my losses and sell JEIL M&S stock now?

    Yes, investing in JEIL M&S currently carries extremely high risks. Investors holding the stock are advised to immediately reduce or liquidate their positions.

  • DKEMI Wins Lawsuit: A Turning Point or a Temporary Reprieve?

    DKEMI Wins Lawsuit: A Turning Point or a Temporary Reprieve? 대표 차트 이미지

    What Happened? : Victory in Shareholder Meeting Cancellation Lawsuit

    DKEMI recently won a lawsuit filed in the Ulsan District Court regarding the cancellation of a shareholders’ meeting resolution. The plaintiff’s claims were dismissed, and they were ordered to bear the legal costs.

    Why It Matters? : Reduced Legal Risks and Improved Investor Sentiment

    This victory is expected to positively impact DKEMI in several ways. Most importantly, it reduces concerns about management transparency and stability, potentially improving investor sentiment.

    What’s Next? : Improved Fundamentals and Potential Stock Momentum

    • Reduced legal risks: Resolution of uncertainty and potential restoration of investor confidence.
    • Improved investor sentiment: Combined with positive fundamentals, this could create upward momentum for the stock.
    • Hope for delisting recovery: Increased possibility of escaping delisting.

    However, challenges remain, including a net loss for the current period and an increase in accounts receivable.

    Investor Action Plan

    While the lawsuit outcome is positive, investors should consider the following:

    • Delisting issue: The lawsuit victory doesn’t guarantee the avoidance of delisting.
    • Financial status: Net loss and increased accounts receivable require careful consideration.
    • Market conditions and company challenges: A comprehensive analysis is crucial for sound investment decisions.

    Frequently Asked Questions

    Will this lawsuit outcome prevent DKEMI’s delisting?

    While the victory is a positive sign, the delisting decision depends on other factors. It’s too early to be certain.

    How is DKEMI’s financial health?

    While sales and operating profit have improved, there are concerns like net loss and increased accounts receivable.

    Should I invest in DKEMI?

    Investment decisions are personal. Use the information in this article and other resources to make an informed decision.

    DKEMI Wins Lawsuit: A Turning Point or a Temporary Reprieve? 관련 이미지

  • E-TRON Delisting Confirmed: What Investors Need to Know

    E-TRON Delisting Confirmed: What Investors Need to Know 대표 차트 이미지

    1. What Happened to E-TRON?

    E-TRON faced severe financial difficulties and management issues, leading to its delisting. The company’s semi-annual report revealed declining sales, continuous operating losses, and a disclaimer of audit opinion. The court’s dismissal of the injunction against delisting solidified the process, initiating liquidation trading from September 1st to 9th.

    2. Why Did This Happen?

    E-TRON’s struggles stemmed from a combination of declining sales in core business segments, postponement of new business ventures, and the sale of its virtualization division. The company’s fundamentals are extremely weak, with little prospect of a turnaround.

    3. Liquidation Trading: What Should Investors Do?

    Extreme price volatility is expected during the liquidation trading period. The risk of principal loss is substantial, demanding cautious decision-making. Experts generally advise against participating in liquidation trading. If you hold E-TRON shares, the best course of action may be to sell them as soon as possible.

    • Participating in liquidation trading is highly risky. Sharp price swings can lead to significant losses.
    • Selling existing shares may be the best option. Consider selling quickly to mitigate further losses.
    • Make investment decisions carefully. Seeking professional advice is recommended.

    4. Investor Action Plan

    Approach the situation rationally and avoid emotional investing. Prioritize minimizing further losses by promptly selling your shares.

    Frequently Asked Questions

    When is the liquidation trading period for E-TRON?

    The liquidation trading period for E-TRON is from September 1st to September 9th, 2023.

    Can I buy E-TRON stock during the liquidation trading period?

    Buying E-TRON stock during liquidation trading is extremely risky. Due to extreme price volatility and the impending delisting, investment is not recommended.

    What happens after E-TRON is delisted?

    After delisting, E-TRON stock will no longer be tradable. Investors may recover some assets through the company’s liquidation process, but significant losses are expected.

    E-TRON Delisting Confirmed: What Investors Need to Know 관련 이미지

  • E-Hwa Electric Delisting: Critical Impact and Response Strategies for Investors

    E-Hwa Electric Delisting: Critical Impact and Response Strategies for Investors 대표 차트 이미지

    What Happened?

    E-Hwa Electric faced delisting due to a ‘disclaimer of opinion’ from its auditor for the 2023 fiscal year. With the dismissal of the injunction, the delisting process and liquidation trading have become inevitable. Liquidation trading will occur from September 1st to 9th, 2025, after which the company will be delisted.

    Why Did This Happen?

    The primary cause is the deterioration of fundamental corporate factors, including three consecutive years of declining sales and management instability. Sales in the first half of 2025 decreased by 54.6% compared to the same period of the previous year, and despite a return to operating profit, the substantial decline in sales indicates minimal actual improvement. Frequent changes in CEOs also exacerbated management instability.

    What Should Investors Do?

    • Current Investors: As stock price volatility is expected to be extreme during the liquidation trading period, it is best to sell immediately to minimize losses.
    • Potential Investors: Absolutely refrain from investing. The risk of delisting is extremely high, and the possibility of recovering investments is slim.

    Investor Action Plan

    Closely monitor stock price fluctuations during the liquidation trading period and thoroughly review the company’s disclosed information. Although the possibility of recovering asset value after delisting is very low, it is essential to continuously monitor relevant information. Investment decisions should be made cautiously and at your own risk.

    Q: How long will E-Hwa Electric’s liquidation trading last?

    A: It will last from September 1st to September 9th, 2025.

    Q: Is it okay to invest during the liquidation trading period?

    A: It is extremely risky. Investment is not recommended in a situation where delisting is almost certain.

    Q: What happens to the stock after delisting?

    A: Trading is halted, and you may receive a distribution of residual value based on the company’s asset liquidation process, but the value may be very low or non-existent.

    E-Hwa Electric Delisting: Critical Impact and Response Strategies for Investors 관련 이미지

  • EID (093230) Delisting Confirmed: What Investors Need to Know

    EID (093230) Delisting Confirmed: What Investors Need to Know 대표 차트 이미지

    1. What Happened to EID?

    EID received a delisting decision on February 14, 2025, which was confirmed on August 27 after their injunction request was denied. The trading halt period is scheduled from September 2nd to 10th.

    2. Why is EID Being Delisted?

    EID has faced persistent operating losses, declining revenue, and auditor disagreements, indicating severe financial distress. Despite venturing into various businesses like oil, real estate, secondary batteries, and NFTs, the company failed to generate significant returns. Allegations of embezzlement and lawsuits further exacerbated the situation. The table below illustrates EID’s deteriorating financial performance.

    Indicator Dec 2022 Dec 2023 Dec 2024 Dec 2025
    Revenue 6,994 4,167 4,005 3,304
    Operating Income 629 -133 0 -97
    Net Income 454 -140 205 -88

    3. What Should Investors Do?

    Stock prices can fluctuate drastically during the trading halt period. Investors should understand the situation and exercise extreme caution. Participating in trading during this period carries significant risk, and the chances of recovering investment capital are minimal. Considering EID’s deteriorating fundamentals, transparency issues, and ongoing lawsuits, further investment should be avoided.

    4. Key Takeaways & Action Plan

    • Understand the Situation: Fully grasp the reasons behind EID’s delisting.
    • Assess the Risks: Carefully consider the price volatility and investment risks during the trading halt period.
    • Invest Cautiously: All investment decisions should be made with extreme caution and at your own risk. Be prepared for potential losses.
    • Stay Informed: Continuously monitor public disclosures and relevant news for the latest updates.

    Frequently Asked Questions (FAQ)

    What is a trading halt period?

    A trading halt period is a designated time before a stock’s delisting when investors are given a final opportunity to sell their shares.

    Can the stock price surge during the trading halt period?

    Yes, it’s possible. However, given the confirmed delisting, such price movements are highly speculative and carry significant downside risk.

    Should I sell my EID shares now?

    With the delisting confirmed, selling your shares during the trading halt period is generally recommended. However, all investment decisions should be made at your own discretion.

    What happens after delisting?

    After delisting, the stock will no longer be traded on the exchange. It may be traded over-the-counter (OTC), but liquidity will likely be low, making trading difficult.

    EID (093230) Delisting Confirmed: What Investors Need to Know 관련 이미지

  • Soldefense Acquires Albisolution: Diversification or Desperation?

    Soldefense Acquires Albisolution: Diversification or Desperation? 대표 차트 이미지

    What Happened?: Soldefense Acquires 100% of Albisolution

    Soldefense announced the acquisition of 100% of Albisolution, a chemical import/export and firearms sales company, for 4.2 billion KRW. The acquisition is scheduled for September 4, 2025. Soldefense will pay 1.6 billion KRW in cash as a down payment, with the remaining 2.6 billion KRW to be paid using the company’s 6th series convertible bonds.

    Why the Acquisition?: Business Diversification and New Growth Engines

    Soldefense aims to diversify its business and secure new growth engines through this acquisition. This is likely a strategic move to find a breakthrough amidst declining sales and profitability over the past three years.

    What’s Next?: Delisting Risk vs. Diversification Opportunity

    This acquisition presents both a positive aspect of diversification and a negative aspect of delisting risk. Soldefense is currently under review for delisting due to allegations of embezzlement and breach of trust, along with a disclaimer of opinion from its auditor. Its trading is halted, and the possibility of delisting is very high. Whether the acquisition of Albisolution will lead to new growth remains uncertain, and the potential for synergy must be carefully evaluated. Furthermore, the possibility of equity dilution due to the issuance of convertible bonds should be considered.

    What Should Investors Do?: Caution is Key, Monitor Delisting Status

    • 1. Monitor Delisting Status: The delisting decision is the most critical factor for investment decisions. Investors should consistently monitor related disclosures and news.
    • 2. Analyze Albisolution’s Business: Carefully analyze the target company’s business performance and potential synergy with Soldefense.
    • 3. Review Soldefense’s Financials: Pay close attention to changes in Soldefense’s financial structure and cash flow after the acquisition.
    • 4. Consider the Impact of Convertible Bonds: Analyze the terms of the convertible bond issuance and its potential impact on the stock price.
    Why did Soldefense acquire Albisolution?

    Soldefense acquired Albisolution to diversify its business and secure new growth engines.

    What is Soldefense’s current trading status?

    Trading in Soldefense’s stock is currently halted due to a delisting review.

    What is the biggest risk for investors in Soldefense?

    The possibility of delisting is the most significant risk.

    What should investors pay attention to?

    Investors should closely examine the delisting status, Albisolution’s business, Soldefense’s financials, and the impact of convertible bonds.

    Soldefense Acquires Albisolution: Diversification or Desperation? 관련 이미지
    Soldefense Acquires Albisolution: Diversification or Desperation? 관련 이미지

  • iCure (175250) Trading Halt Extended: Can it Avoid Delisting?

    iCure (175250) Trading Halt Extended: Can it Avoid Delisting? 대표 차트 이미지

    What Happened?

    On August 27, 2025, iCure announced that its delisting review period has been extended to September 17th. This signifies a need for further investigation and the final outcome could lead to continued suspension or resumption of trading.

    Why Did This Happen?

    iCure has been under review for delisting due to past corporate governance issues. Although the company has made efforts to improve governance, the exchange decided further investigation was necessary.

    What’s Next?

    Positive Factors:

    • Improved Financials: Despite a decrease in total assets, iCure shows positive trends with increased current assets, decreased liabilities, and increased equity.
    • Cosmetics Business Growth: The development of MCS Emulsion technology-based products and securing major clients are driving sales growth.
    • Corporate Governance Improvement Efforts: The company is making efforts to improve corporate governance, including clarifying minority shareholder rights and introducing electronic voting.

    Negative Factors:

    • Uncertainty of Delisting Criteria: The lack of clarity in the review criteria makes prediction difficult.
    • Past Governance Issues: Past issues could resurface.

    External Factors:

    • Rising KRW/USD Exchange Rate: This could be positive for exporting companies but may lead to increased import costs.
    • Volatility of International Oil Prices: While there is potential for easing logistics costs, volatility remains high.

    What Should Investors Do?

    • Monitor Information Closely: Investors must diligently check announcements and disclosures regarding the delisting review results.
    • Cautious Investment Approach: Maintaining a conservative investment strategy until the results are announced is recommended.
    • Fundamentals-Based Evaluation: Investors should analyze the company’s fundamentals and make investment decisions regardless of the delisting outcome.

    Frequently Asked Questions

    Will iCure be delisted?

    It’s difficult to predict at this point. The outcome depends on the delisting review results. Positive financial improvements and business growth are positive factors, but past governance issues and the uncertainty of review criteria are negative factors.

    When will the delisting review results be announced?

    The results are expected to be announced by September 17, 2025.

    How should investors respond?

    Maintaining a conservative investment strategy and continuously monitoring relevant information until the results are announced is crucial.

    iCure (175250) Trading Halt Extended: Can it Avoid Delisting? 관련 이미지

  • SNU&P (019590) Delisting Imminent: Impact of Resumed Liquidation Trading

    SNU&P (019590) Delisting Imminent: Impact of Resumed Liquidation Trading 대표 차트 이미지

    1. SNU&P: Resumption of Liquidation Trading

    With the court’s dismissal of the injunction, SNU&P will enter liquidation trading from August 28th to September 5th, 2025. This represents the last trading opportunity before delisting, but it also carries extreme stock price volatility and investment risk. During this period, the stock price is likely to plummet, driven by panic selling regardless of the company’s fundamentals.

    2. Why is the Resumption of Liquidation Trading Dangerous?

    Stock prices often fall sharply during liquidation trading. Investors try to sell their shares to minimize losses before delisting, but a lack of buying interest can lead to a liquidity crunch. This creates the risk of being unable to sell at the desired time and incurring significant losses. Furthermore, after delisting, trading becomes impossible, making it difficult to recover investments.

    3. SNU&P’s Current Situation and Future Outlook

    SNU&P recorded a net loss of KRW 4.488 billion in the first half of 2025, showing a significant deterioration in profitability. Retained earnings also stand at a significant deficit of KRW -24.527 billion. External factors such as the downturn in the venture investment market and interest rate hikes are also acting as negative factors. Following delisting, difficulties in raising capital, restrictions on corporate activities, and a decline in external credibility are expected to make it difficult for the company to operate normally.

    4. Investor Action Plan: What Should You Do?

    Current Shareholders: Sell shares as soon as possible during the liquidation trading period to minimize losses.
    Potential Investors: Absolutely avoid investing in SNU&P.

    Q: When is the liquidation trading period for SNU&P?

    A: It is for 7 trading days, from August 28th to September 5th, 2025.

    Q: Is it okay to invest during the liquidation trading period?

    A: Absolutely not. Stock price volatility is extreme during this period, and the possibility of losing your principal investment is very high.

    Q: What happens to SNU&P shares after delisting?

    A: After delisting, shares cannot be traded, making it difficult to recover your investment.

    SNU&P (019590) Delisting Imminent: Impact of Resumed Liquidation Trading 관련 이미지

  • Hyundai Saryo Delisting Crisis: In-Depth Analysis and Investor Strategies

    Hyundai Saryo Delisting Crisis: In-Depth Analysis and Investor Strategies 대표 차트 이미지

    1. What Happened?: Hyundai Saryo’s Delisting Crisis

    Hyundai Saryo previously faced delisting due to a qualified audit opinion, but this was resolved in March 2025 with an unqualified opinion. However, the Korea Exchange still voted for delisting, and Hyundai Saryo has filed an appeal. The final decision is expected by September 23rd.

    2. Why?: The Background and Fundamental Analysis of the Delisting Crisis

    Hyundai Saryo discontinued its bio business and is focusing on the compound feed business. While its 2025 half-year results showed a slight increase in operating profit despite decreased sales, net income significantly decreased due to a valuation loss of approximately KRW 13 billion in other comprehensive income. Rising raw material prices and exchange rates are also pressuring profitability. While recent acquisitions of two subsidiaries suggest diversification efforts, securing financial soundness is crucial.

    3. What’s Next?: Scenario Analysis Based on the Delisting Decision

    • 3.1 If Delisting is Avoided:
      • Potential for investor sentiment recovery and stock price rebound.
      • Strengthening core business competitiveness and improving financial structure will be key.
    • 3.2 If Delisting Occurs:
      • Trading suspension and potential investor losses.
      • Threat to business continuity and potential collapse of corporate value.

    4. What Should Investors Do?: Action Plan

    Investors should exercise caution until the delisting decision is announced. If the listing is maintained, a thorough review of fundamental improvements is necessary. If delisting occurs, investors should be aware of the potential difficulty in recovering their investments. Careful investment decisions should be made after considering all risk factors.

    Frequently Asked Questions

    Is Hyundai Saryo’s delisting confirmed?

    No, it is not confirmed yet. Hyundai Saryo has filed an appeal, and the Korea Exchange will make a final decision by September 23rd.

    What happens if Hyundai Saryo is delisted?

    If delisted, trading of the stock will be suspended, potentially making it difficult for investors to recover their investments.

    Should I invest in Hyundai Saryo?

    Investing in Hyundai Saryo carries a very high risk currently. Investment decisions should be made cautiously after the delisting decision is announced.

    Hyundai Saryo Delisting Crisis: In-Depth Analysis and Investor Strategies 관련 이미지

  • Shinseong Tongsang Delisting: Urgent Action Plan for Investors

    Shinseong Tongsang Delisting: Urgent Action Plan for Investors 대표 차트 이미지

    What Happened? Delisting Application Explained

    Shinseong Tongsang submitted a delisting application via a voluntary disclosure. The application has been approved by the board of directors and a temporary shareholders’ meeting. The final decision rests with the Korea Exchange.

    Why the Delisting? Analyzing the Reasons

    While official reasons are yet to be disclosed, the company’s poor performance in Q1 2025 likely played a significant role. Despite a slight increase in revenue, operating profit and net income declined substantially due to increased SG&A and financial expenses. Cost savings from delisting and consolidating management control are also speculated motives.

    What’s Next? Investor Impact and Outlook

    Delisting will halt trading, significantly reduce liquidity, and inevitably lead to a decline in investment value. The tender offer price of 4,100 won per share may result in losses for minority shareholders. Concerns regarding management transparency and further decline in corporate value also exist. Current macroeconomic conditions, such as the weakening Korean Won, high interest rates, and fluctuating raw material prices, further exacerbate the negative outlook.

    What Should Investors Do? Action Plan

    Current shareholders should consider selling their shares immediately to mitigate potential losses. Closely monitor announcements from the Korea Exchange regarding the review process and minority shareholder protection measures. New investments in Shinseong Tongsang are strongly discouraged.

    When will the delisting be finalized?

    The Korea Exchange will review the application. The exact date will be announced through official disclosures.

    Is the tender offer price of 4,100 won fair?

    Compared to historical stock prices, the offer price seems low and may result in losses for minority shareholders.

    What happens to my shares after delisting?

    Trading will halt, making selling on the exchange impossible. Shareholders can participate in the tender offer or seek over-the-counter transactions.

    Shinseong Tongsang Delisting: Urgent Action Plan for Investors 관련 이미지
    Shinseong Tongsang Delisting: Urgent Action Plan for Investors 관련 이미지