Trading of Hanjin Kal preferred shares (Hanjin Kal preferred stock) will be suspended for one day on November 10, as the stock surged even after being designated as an investment warning issue, meeting the requirements for a trading halt.

The Korea Exchange's Market Surveillance Committee announced on the 9th that Hanjin Kal preferred shares will be suspended from trading for one day, as the stock rose more than 40% over two days following its investment warning designation. This measure applies to the preferred shares, not Hanjin Kal common stock.

The trading suspension is based on Article 5-3 of the Market Surveillance Regulations and Article 3-5 of the Enforcement Rules of the same regulations. A trading suspension for this reason while under an investment warning designation is limited to one occurrence.

The market alert system designates stocks that require investor caution, such as those experiencing sharp short-term price surges, in three stages: investment caution, investment warning, and investment risk. Among these, at the investment warning and investment risk stages, trading may be suspended depending on stock price movements.

Hanjin Kal preferred shares were already designated as an investment warning issue and became subject to a trading halt due to additional price gains. Therefore, this measure is distinct from a new investment warning designation. The suspension period set by the exchange is one day, on the 10th, and the target stock is also the Hanjin Kal preferred shares, not the common stock.

[This article was written with some assistance from AI. The information provided is for reference purposes, and this newspaper bears no legal or financial responsibility for the use of such information.]