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45 Listed Companies to Release 180.78 Million Shares from Lock-up in August
๐Ÿ‡ฐ๐Ÿ‡ท South Korea /Economy & Trade

45 Listed Companies to Release 180.78 Million Shares from Lock-up in August

From Chosun Ilbo · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • Approximately 180.78 million shares from 45 listed companies will be released from mandatory holding restrictions in August.
  • This includes shares from companies like NH Investment & Securities, APR, and SK IE Technology on the KOSPI market, and Samyang Comtech and Fadu on the KOSDAQ market.
  • The Korea Securities Depository announced the upcoming release of these shares from their mandatory holding period.

South Korea's stock markets are bracing for a significant influx of shares in August as 45 listed companies prepare to release approximately 180.78 million shares from mandatory holding restrictions. This move, announced by the Korea Securities Depository (KSD), could potentially impact market dynamics as these shares become available for trading.

The KOSPI market will see a substantial release, with major companies such as NH Investment & Securities, APR, and SK IE Technology among those having their shares freed from lock-up periods. On the KOSDAQ market, investors will be watching Samyang Comtech and Fadu, as their shares also become eligible for trading.

The mandatory holding system is designed to prevent a sudden sell-off of shares by major stakeholders, such as executives or early investors, immediately after a company's listing. The release of these shares signifies the end of that initial stabilization period, allowing for greater liquidity but also potentially increasing price volatility.

DistantNews Editorial

Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.