South Korea’s Revised KOSDAQ Rules Raise Delisting Risk for Digital Asset Treasury Firms

South Korea’s revised KOSDAQ listing rules could increase delisting risks for companies that hold digital assets as treasury assets, as the minimum market capitalization requirement is set to rise to 200 billion KRW by the end of 2026 and to 300 billion KRW from January 2027. According to NS3.AI, companies that fall below the minimum market capitalization threshold for 30 consecutive trading days may be designated under managed stock status and could face automatic delisting within 90 days. The report cited Bitplanet as an example of a digital asset treasury company, noting it holds 300 BTC and has stated a long-term goal of accumulating 10,000 BTC.