Gold&S Co., Ltd. Files Injunction to Suspend Administrative Issue Designation and Prohibit Delisting Decision

Gold&S Co., Ltd. has filed an injunction to suspend the effect of its designation as an administrative issue and to prohibit the delisting decision.

According to Gold&S Co., Ltd. on September 9, the company was designated as an administrative issue on July 13 due to falling short of the market capitalization requirement. Through this injunction filing, the company is requesting that the effect of the designation as an administrative issue be suspended until a final judgment is reached, and that no delisting decision be made on the grounds of insufficient market capitalization.

The company maintains that the amended and strengthened listing regulations of 2026 are invalid as they violate the principles of proportionality and protection of trust. Gold&S Co., Ltd. had been working to improve its financial structure, including asset acquisition and disposal, in accordance with the revised listing regulations implemented in July 2025. However, it claims that institutional conflict arose because the early enforcement of the strengthened listing regulations in February 2026 made it impossible to secure additional capital in time. The company also argues that it is problematic to make a delisting decision based solely on market capitalization—especially when market capitalization is affected by a number of factors beyond the company's control—and that an adequate preparation period was not ensured.

Gold&S Co., Ltd. has been pursuing business structure restructuring, profitability improvement, and corporate value enhancement plans in accordance with the previous regulations. In particular, its revenue for the first half of this year was 13.4 billion won, up 211.2% year-on-year, with operating profit and net income turning positive at 840 million won and 1.9 billion won, respectively.

A company official stated, "This injunction is a measure to prevent irreparable harm to shareholders and the company until a final judgment is made," adding, "We will continue to pursue legitimate legal action to have the unfair application of the amended listing regulations recognized and to protect shareholder rights."

This content was produced with the assistance of AI translation services.