Listing & Listing Maintenance Advisory
 

As the financial health of Korean companies has deteriorated in the wake of the recent global financial market turmoil and sluggish domestic demand in China, many listed companies are exposed to the risk of delisting due to their inability to obtain an appropriate audit opinion or due to embezzlement/breach of fiduciary duty. Therefore, it is imperative to seek the assistance of experts who have accumulated a wealth of experience and know-how in various fields, such as law, accounting, exchange practice, and financial criminal defense. Lin's Listing & Listing Maintenance Advisory Team provides expert perspectives on a variety of listing-related issues to help your company maintain its listing.
 
Recently, Lin's Listing & Listing Maintenance Advisory Team successfully advised KOSDAQ-listed Company C, a cosmetics manufacturing and sales company, on maintaining its listing. The Team was able to convince the company to resume trading after explaining that although an event triggering a substantive review of its listing eligibility had occurred, it was not substantial and therefore no such review was necessary. The Team also demonstrated that the same conclusion could be reached through other comprehensive reviews.
 
Additionally, the Listing & Listing Maintenance Advisory Team provided advice to Company S, the only brand battery manufacturer in Korea, on maintaining its listing in the second half of 2022. The Team successfully facilitated the resumption of trading for Company S, which had been delisted for various reasons including embezzlement, rehabilitation proceedings, and rejection of the auditor's opinion.
 
Furthermore, our Listing & Listing Maintenance Advisory Team offers a wide range of legal services for companies listed on the Korea Exchange and KOSDAQ, encompassing issues related to listing maintenance, public disclosure, as well as capital markets law. Our team includes experienced lawyers and advisors with expertise in various fields, such as financial regulatory, accounting, corporate advisory, bankruptcy, and criminal matters, including former members of the Financial Supervisory Service and former members of the Korea Exchange.