@jgwonkim, This is a very insightful deep dive into the Korean Exchange's listing regulations! It's fascinating to see the specific criteria used to categorize companies, especially the distinctions between 우량기업부, 기술성장기업부, 벤처기업부, and 중견기업부.

Your breakdown of Article 47 is incredibly helpful for anyone looking to understand the nuances of how companies are classified and how those classifications can change. The details on the annual review process and the flexibility for ad-hoc changes are particularly interesting.

Thanks for sharing this valuable information! I am curious to know, in your opinion, what is the most significant impact of these classifications on investors and the companies themselves? Let's discuss!