Gold&S Files for Injunction to Suspend Managed-Issue Designation and Block Delisting Decision

[Financial News] Gold&S, a company specializing in foreign-language education platforms, announced on the 9th that it had filed for an injunction against the Korea Exchange (KRX) to suspend the effect of its designation as a managed issue and prohibit a delisting decision.
Gold&S was designated as a managed issue on July 13 for failing to meet the market capitalization requirement. Through the injunction, the company asked the court to suspend the designation until the underlying judgment becomes final and to prevent a delisting decision on the same grounds.
Gold&S maintains that the listing rules revised and strengthened in 2026 are invalid because they violate the principle of proportionality and the principle of protecting legitimate expectations, among others. The company explained, "Under the listing rules revised in July 2025, we had been working to improve our financial structure through measures such as business acquisitions, but the early implementation of the strengthened listing rules in February 2026 created an institutional conflict that prevented us from raising capital in time." It also believes there is a problem with making a delisting decision based solely on market capitalization, even though market capitalization reflects various factors beyond a listed company’s control, and with failing to provide sufficient time for preparation.
Gold&S’s sales in the first half of this year totaled 13.4 billion won, up 211.2% from the same period a year earlier. Operating profit and net profit came to 840 million won and 1.9 billion won, respectively, with both turning profitable.
A company official said, "This injunction is a measure to prevent irreparable harm that could be suffered by shareholders and the company before the underlying judgment is issued," adding, "We will challenge the unfairness of applying the revised listing rules through legal proceedings and continue protecting shareholders’ rights and interests."


[email protected] Choi Doo-sun Reporter