[South Korea's Strengthened Delisting Standards 'One Month In': Over 10% of KOSDAQ-Listed Companies Fall into Market Cap Risk Zone] According to Deep Tide TechFlow on August 9, citing South Korean media outlet NATE, it has been over a month since the South Korean government implemented measures to strengthen delisting standards for listed companies in order to enhance the value of the capital market. The 'survival of the fittest' mechanism targeting companies that fail to meet stock price and market capitalization standards is beginning to take effect. Data shows that the number of companies on the KOSDAQ market with market capitalizations below the new standards has exceeded 10% of the total listed companies, putting small and medium-sized listed companies under greater pressure. According to disclosures from the Korea Exchange and the Financial Supervisory Service, as of August 7, a total of 48 companies had issued announcements stating they 'may be designated as management stocks' due to stock prices falling below 1,000 KRW. Among them, 38 are listed on the KOSDAQ, and 10 are on the Korea Composite Stock Price Index (KOSPI) (excluding preferred stocks). Since July 1, the Korea Exchange has implemented new 'low-price stock' delisting rules, under which companies with stock prices below 1,000 KRW for 30 consecutive trading days will be designated as management stocks and may enter the delisting process. The KOSDAQ market has been most significantly impacted. As of now, a total of 194 KOSDAQ-listed companies have market capitalizations below the new standards, accounting for approximately 10.6% of all KOSDAQ-listed companies. Additionally, 41 companies on the KOSPI are also in the market capitalization risk zone.