The KOSDAQ Market Headquarters announced that it activated a "Sidecar," which suspends the effectiveness of program sell orders on the KOSDAQ market for five minutes, at 10:52:54 a.m. on the 20th.

The measure was taken as both the KOSDAQ 150 futures price and the spot index plunged more than 6% from the previous day's closing price. The specific decline by each major index is as follows.

• KOSDAQ 150 Futures: Down 84.40 points (-6.16%) to 1,285.40 points from the previous closing price of 1,369.80 points • KOSDAQ 150 Spot Index: Down 83.92 points (-6.15%) to 1,280.63 points from the previous closing price of 1,364.55 points

The Korea Exchange stated through an official announcement, "Due to the fluctuation in the KOSDAQ 150 futures price and spot index, the effectiveness of program sell orders will be suspended for the next five minutes." This Sidecar activation was implemented in accordance with Article 13 of the KOSDAQ Market Business Regulations and Article 14 of the Enforcement Detailed Rules of the same regulations.