Korea Exchange to review delisting of DSME

[THE INVESTOR] The Korea Exchange said on Aug. 29 that a decision on delisting Daewoo Shipbuilding and Marine Engineering will be taken by the end of next month.

The bourse operator said that a decision will be made by Sept. 29, saying that the matter has been put up for review following revelations that the company violated accounting regulations. The embezzlement and other illegal actions alleged to have been taken by former DSME executives also contributed to the company being designated for review. 

Until the review committee reaches a decision trading of DSME shares will be halted.

By Choi He-suk (cheesuk@heraldcorp.com)