Alphabiz - Lock-up Restrictions on Daehan Shipbuilding and Gaon Cable Shares to Be Lifted in February

Photo courtesy of Yonhap News

[Alpha Biz= Paul Lee] South Korea’s Korea Securities Depository (KSD) said on January 30 that a total of 323.56 million shares from 52 listed companies currently under mandatory lock-up registration are scheduled to be released during February.

By market, 16.96 million shares from two companies—including Daehan Shipbuilding Co., Ltd. and Gaon Cable—will be unlocked on the KOSPI market. On the KOSDAQ market, 306.6 million shares from 50 companies, including LaserOptic and Nota, are set to be released.

The three companies with the largest number of shares coming off lock-up are IA with 60.39 million shares, Winia Aid with 48.0 million shares, and Seoul Rieger with 36.36 million shares.

In terms of the ratio of unlocked shares relative to total shares outstanding, the top three companies are Winia Aid (77%), Winners (74%), and MIQube Solution (64%).

Mandatory lock-up registration is a system designed to protect retail investors by restricting the disposal of shares held by controlling shareholders and other major stakeholders for a specified period. Under relevant regulations, such shares are electronically registered with the Korea Securities Depository and cannot be sold until the lock-up period expires.

Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)