[Edaily Reporter Park Sun-Yeop ] Next month, 205.14 million shares subject to mandatory holding restrictions at 41 listed companies will be released. The majority of the total shares to be released are concentrated among companies listed on the KOSDAQ market.
The Korea Securities Depository (KSD) announced on the 30th that a total of 205.14 million shares from 41 listed companies, which are subject to mandatory holding registration with the KSD, are scheduled to be released next month.
Mandatory holding registration is a system under which shares held by major shareholders and others are electronically registered with the Korea Securities Depository (KSD) for a certain period to protect retail investors, in accordance with relevant laws and regulations. Once the mandatory holding registration is lifted, the shares in question become tradable. However, this does not mean that the released shares will be immediately sold on the market.

By market, 12,983,669 shares from three companies will be released on the KOSPI market. On the KOSDAQ market, 192,155,427 shares from 38 companies will be released from mandatory holding registration. The KOSDAQ market accounts for approximately 94% of the total volume scheduled for release.
By reason for the mandatory holding, the volume of shares released under the “Regulations on the Issuance and Disclosure of Securities” totaled 70,180,000 shares, while the volume released under the “KOSDAQ Market Listing Regulations” totaled 134,960,000 shares.
On the KOSPI market, 700,000 shares of SMEDI(118000) will be released on July 11. SY CO., LTD. Trust & Management Real Estate Investment Corporation will have 10,430,002 shares released from mandatory holding on July 14, and DAEHOAL(069460)will have 1,853,567 shares released on July 16.
Several relatively large lock-up expirations are scheduled on the KOSDAQ market. NKMAX Co., Ltd.(182400)will have 46,402,631 shares released on July 22. This represents 64% of the total issued shares as of the date of this report. BRIDGE BIOTHERAPEUTICS, INC.(288330)will have 30,627,872 shares released on July 16, accounting for 29% of its total issued shares.
KUK-IL PAPER MFG CO.,LTD(078130)will have 20 million shares released on July 21. #BLACK YAK I&C CO.,LTD will also have 19,682,500 shares released from mandatory holding registration on the same day. The number of shares scheduled for release by BLACK YAK I&C CO.,LTD represents 76% of the total issued shares, making it the highest proportion among the stocks scheduled for release this July.
In addition, HBL Corporation(452190)is scheduled to have 9,737,750 shares released on July 4, Cellfie Global(068940)is scheduled to have 7,652,119 shares released on July 16, and DEOKYANG ENERGEN CORPORATION is scheduled to have 6,631,546 shares released on July 30. Pharos iBio Co., Ltd.(388870)will have 4,221,000 shares released on July 27, representing 33% of the total issued shares.
The Korea Securities Depository (KSD) stated that this data may contain discrepancies, delays, or errors due to differences between the reference date and the date of distribution. It also explained that this tally is based on shares registered for mandatory holding with the KSD and does not include shares subject to voluntary holding commitments or mandatory holding commitments made during initial public offerings (IPOs).