Korea Exchange Flags Udemtech Over Reversed Contract Disclosure
The Korea Exchange designated Udemtech as an unfaithful disclosure corporation after a disclosure reversal tied to a cancelled single sales and supply contract.
The Korea Exchange designated AI automation solution company Udemtech as an unfaithful disclosure corporation on October 12, 2026, citing a disclosure reversal connected to the cancellation of a single sales and supply contract.
The designation carries a penalty of 3.0 points. The total penalty accumulated over the past year is also 3.0 points, according to digitaltoday.co.kr. No disclosure violation penalty fee was listed, and no request was made to replace the disclosure officer.
The exchange cited Articles 28 and 32 of the KOSDAQ Market Disclosure Regulations as the legal basis for the action. The designation notice date was August 19, 2026, with the designation itself taking effect on October 12, 2026.
The original disclosure was dated June 10, 2026, and the reversed disclosure was dated July 20, 2026, before the notice was issued in August.
Background
Udemtech was listed on the KOSDAQ market on November 20, 2024, in the software development and supply industry. For its December 2025 fiscal year, the company reported total assets of 14.9 billion won, total liabilities of 4.4 billion won, and total equity of 10.5 billion won. Over the same period, it reported revenue of 3.2 billion won, an operating loss of 3.6 billion won, and a net loss of 3.5 billion won.
Quick answers
What is an unfaithful disclosure corporation designation?
It is a designation by the Korea Exchange under the KOSDAQ Market Disclosure Regulations, in this case applied to Udemtech on October 12, 2026, over a reversed disclosure.
What penalty did Udemtech receive?
The designation carries a penalty of 3.0 points, with a total penalty of 3.0 points over the past year. No disclosure violation penalty fee was listed.