South Korea's revised listing regulations will be implemented, and some KOSDAQ crypto DAT companies face delisting risks

According to the Chosun Ilbo, the revised listing regulations for increasing the retention threshold in the South Korean stock market will be implemented on July 1. Some KOSDAQ DAT (Digital Asset Treasury) listed companies that have profited from investing in crypto assets are facing delisting risks.

Data from the Korea Exchange shows that on June 26, Bitmax fell 6.3% to 1,228 KRW, with a market capitalization of 13.1 billion KRW, below the lower limit of 20 billion KRW for the second half of the year; Parataxis Ethereum has a market capitalization of 26.8 billion KRW, and BitPlanet has a market capitalization of 33.1 billion KRW. However, Parataxis Ethereum has not met the adjusted standard of 30 billion KRW set for January next year, and Parataxis Korea has been transferred for substantial review of its listing qualifications and suspended since April due to capital erosion.

The delisting crisis is mainly influenced by the weakness of crypto assets and the outflow of funds from KOSDAQ. If the trend of declining market capitalization continues, related DAT companies may gradually enter the delisting process starting from early next year, beginning with Bitmax.