'Parasite' Production Company Facing Delisting Risk After Shares Fall Below 1,000 Won... Trading Suspended From October 23

Barunson E&A, a Kosdaq-listed company well known as the production company behind the movie "Parasite," faces the risk of delisting, leading to the suspension of its stock trading.

On October 23, the Kosdaq Market Division of the Korea Exchange announced that it had suspended trading of Barunson E&A's common stock starting today due to grounds for delisting arising the previous day. The reasons for the trading suspension are the occurrence of delisting grounds and investor protection.

Possibility of delisting had been raised for Barunson E&A as its stock price fell below 1,000 won. Under Kosdaq listing regulations, a company designated as an administrative issue due to relevant reasons must maintain a stock price of 1,000 won or higher for 45 consecutive trading days within 90 trading days. Barunson E&A triggered grounds for delisting as it became impossible to meet the requirement within the specified period.

Meanwhile, controlling shareholder Moon Yang-kwon was found to have purchased additional shares just before the trading suspension. According to a large-scale shareholding report submitted to financial authorities, Moon purchased a total of 416,589 shares on the open market, including 98,000 shares on October 21 and 318,589 shares on October 22. The reported acquisition funds amounted to approximately 205.81 million won, which came from personal savings, and this purchase increased the voting shareholding ratio of Moon and special related parties to 40.08%. However, this stock purchase was carried out by acquiring existing shares held by current shareholders on the market, differing from a paid-in capital increase where new capital flows into the company.

Currently, the final delisting decision and schedule for Barunson E&A have not been finalized, and the Korea Exchange plans to announce the end date of the trading suspension at a later time.



(Photo: SBS Entertainment News, Reporter Kim Ji-hye)
※ Please note: This article was translated by AI and may contain errors.