South Korea revises listing rules effective in July, with some crypto treasury-listed companies facing delisting pressure

According to a report by Chosun Ilbo, South Korea’s revised listing rules will take effect on July 1, raising the threshold for listings. Due to the decline in Bitcoin prices and capital outflows from the KOSDAQ market, crypto treasury listed companies face delisting risks. One exchange fell 6.3% that day to 1,228 won, with its market capitalization below the minimum value standard for the second half of the year. Weak virtual asset prices are the direct cause of the delisting crisis.