KRX to review delisting for tech firms that pivot to crypto treasury

The Korea Exchange (KRX) is moving to block a loophole that allows companies listed on the Kosdaq market via a special technology track to pivot their main business to activities like managing virtual asset treasuries, Digital Asset reported. The KRX announced today that it has amended its listing regulations as part of a broader effort to enhance market trust and innovation. Under the new rules, if a company listed through the special technology program changes its primary business purpose within five years of its initial public offering, it will be subject to a substantive delisting review. A change in business purpose is defined as an addition or alteration made to the company's articles of incorporation. The rule does not apply to changes involving businesses similar or ancillary to the company's original main operations.