I want to know in detail about the effects of delisting.

Once delisting is confirmed, the company's shares can no longer be traded on the securities market, and investors will not be able to sell their shares on the market.

This is a measure that has a significant impact on both the company and investors, with major changes occurring in terms of fund recovery and corporate credibility.

First, when a delisting reason occurs, trading of the relevant stock is immediately suspended.

Then, when the delisting is finally confirmed, a settlement trading procedure is conducted for a certain period.

According to Article 9 of the "KOSPI Listing Rules" and Article 23 of the "KOSDAQ Listing Rules," settlement trading is a system to provide investors with a final opportunity to dispose of their shares, and trading is usually permitted on a temporary basis for a maximum period of 7 trading days.

When this period ends, the stock is officially delisted and completely removed from the market.

Ultimately, delisting results in loss of liquidity and difficulty in recovering invested funds for investors, and termination of disclosure obligations and decline in credibility for the company.

Therefore, when a delisting reason occurs, it is important for investors to carefully review the exchange's screening results and disclosures to consider response measures.

For details, please check through consultation with an accounting specialist attorney.