[Alpha Biz= Paul Lee] The KOSDAQ Market Division of the Korea Exchange (KRX) announced on the 19th that Tera science (073640) has triggered an additional listing eligibility review due to newly disclosed embezzlement allegations.
The company reported on the same day that it is under investigation for work-related embezzlement amounting to ₩16.9 billion (approximately USD 12.7 million).
This marks the third disclosure related to embezzlement and breach of trust allegations, following similar announcements on July 16, 2023, and August 27, 2023. The KRX noted that these repeated disclosures prompted a further review of the company’s listing eligibility under delisting examination procedures.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
