I would like to know in detail about the effects of delisting.

Once delisting is confirmed, the shares of that company can no longer be traded on the securities market, and investors become unable to sell their shares on the market.

This is a measure that has a significant impact on both the company and investors, and major changes occur in terms of the recovery of funds and corporate credibility.

First, once grounds for delisting arise, trading in that stock is immediately suspended.

Thereafter, once the delisting is finally confirmed, a liquidation trading procedure proceeds for a certain period.

Under Article 9 of the KOSPI Market Listing Regulations and Article 23 of the KOSDAQ Market Listing Regulations, liquidation trading is a system intended to give investors a final opportunity to dispose of their shares, and trading is permitted on a temporary basis, ordinarily for a period of up to seven trading days.

Once this period ends, the shares are officially delisted and completely removed from the market.

Ultimately, delisting results in a loss of liquidity and difficulty recovering invested funds for investors, and the end of disclosure obligations and a decline in credibility for the company.

Therefore, when grounds for delisting have arisen, it is important for investors to carefully check the exchange's review results and disclosures and to consider their response.

For details, we recommend confirming them through a consultation with an attorney specializing in accounting.