Over 20 firms face delisting due to capital erosion, irregularities
Feb. 16, 2014
More than 20 companies may be delisted for capital erosion or illegal activities including corruption, analysts here said Sunday, as the deadline approaches for audit reports.According to the Korea Exchange, at least 22 firms, including 14 listed in the tech-heavy KOSDAQ market, may be delisted. Analysts say the number may increase following the March 31 deadline for the audit reports.JS Cable, an affiliate of LS Group, is voluntarily seeking an exit as it has been suspended for supplying substa