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Osstem Implant, which embezzled more than 200 billion won, is subject to delisting.
Stock trading will be suspended for a while in the future, but even minority shareholders and investors of various funds will be tied up.
This is reporter Im Tae-woo.
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The Korea Exchange decided to hand over Osstem Implant to delisting after a month and a half of the first review.
The embezzlement is the largest ever, exceeding 220 billion won, and it is clear that the internal control system of the company is not working, so it is necessary to check whether it is a listed company.
In addition, it seems to have taken into account the difficulty of resuming the transaction, as there is a high possibility that the audit report to be submitted at the end of next month due to the embezzlement case will contain 'improper' opinions.
The next step is the Corporate Review Committee, which will be held within 35 business days.
Here, you will decide between the first resumption of trading, the second giving time within a year to fix the problem, or the last delisting.
If a decision is made to abolish it, it will be handed over to the KOSDAQ Market Committee for final judgment.
Osstem Implant claims that it can recover a large portion of the embezzlement and that the business is in good shape.
[Osstem Implant official: The company will do its best so that stock trading can be resumed.
We are looking for ways to increase the value of the stock.]
However, stock trading is blocked during the review period that lasts up to two years, and close to 20,000 minority shareholders and fund investors cannot recover their investment.
Some investors are preparing damages lawsuits against the company and employees accused of embezzlement.
(Video coverage: Choi Jun-sik, video editing: Kim Ho-jin)