Arab Today, arab today 19 firms face exit from soth korean bourse
Last Updated : GMT 15:40:17
Arab Today, arab today
Arab Today, arab today

19 firms face exit from Soth Korean bourse

Arab Today, arab today

Arab Today, arab today 19 firms face exit from Soth Korean bourse

Seoul - Yonhap

A total of 19 companies listed on the South Korean stock market are likely to face delisting this year due to capital erosion or problems with their financial statements, the bourse operator said Tuesday. Eight companies from the main bourse and 11 firms traded on the tech-heavy KOSDAQ market have been found to have negative capital or have received a disclaimer of opinion from auditors on their financial statements, according to the Korea Exchange (KRX). A disclaimer of opinion is expressed when an auditor has not been able to obtain appropriate audit evidence and is unable to express an opinion on the financial statements. Five shipping firms, including the Korea Line Corporation, were included in the list as the protracted economic slowdown weighed down on the industry, which led to capital erosions. Lotte Tour Development, one of the leading South Korean land developers, was included as it is expected to face a cash crunch due to the collapse of an urban development project in Yongsan, located in the heart of Seoul. Ssangyong Engineering & Construction Co., a troubled builder listed on the secondary market, may also be delisted as it suffers from capital erosion following massive losses for the second straight year in 2012. Orient Pregen Inc, a local auto parts marker on the KOSDAQ market, is set to be automatically delisted as the firm posted an operating loss for the fifth consecutive year. The KRX said more companies are likely to be delisted from the local stock market as companies are set to hand in their business reports by April 1. Last year, 72 companies were delisted from the main bourse or the secondary stock market.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today 19 firms face exit from soth korean bourse Arab Today, arab today 19 firms face exit from soth korean bourse

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes

GMT 15:44 2017 Wednesday ,22 March

Bahrain Bourse daily trading report

GMT 13:35 2017 Wednesday ,22 March

Oman shares fall taking cues from regional bourses

GMT 09:35 2017 Wednesday ,22 March

Bahrain Bourse daily performance

GMT 09:33 2017 Wednesday ,22 March

Alba approves US$80M cash dividend at AGM

GMT 02:24 2017 Wednesday ,22 March

US stocks dive over Trump agenda doubts

GMT 14:10 2017 Monday ,20 March

Bank Muscat trading pulls down Muscat index
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Haifa Wahby bets on her new drama show

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 22:19 2017 Friday ,24 March

Reveals reasons of hepatitis in Algeria

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday