The extraordinary general meeting (EGM) date has not been set or disclosed yet.
What has been disclosed is only the record date:
- Record date: February 3, 2026
That date determines who is entitled to attend and vote at the EGM. The actual meeting date will be announced later, after the record date, in a separate disclosure.
Why this matters.
- Under Korean corporate practice, the sequence is:
1. Court grants permission to convene an EGM
2. The company sets and discloses a record date
3. The company later announces the EGM date, agenda, and venue
- The court order (Ulsan District Court 2025 Bihap 132) required the company to fix the shareholder base first, which is why this disclosure came before the meeting notice.
Practical takeaway
- As of now:
- ✔ Record date is fixed (Feb 3, 2026)
- ✔ EGM date is not yet announced
- Expect the EGM to be scheduled after February 3, 2026, once shareholder eligibility is locked in.
Here’s what typically happens between the record date and the actual EGM in a court-ordered Korean shareholder meeting, and how it likely plays out for DKME.
1. Record date locks voting rights (Feb 3, 2026).
- Shareholders registered on February 3, 2026 are fixed as the electorate.
- Ownership changes after that date do not affect voting power for this EGM.
- This gives the court and regulators certainty about who is entitled to decide control.
At this point, the power map is frozen.
2. The company prepares the EGM notice.
After the record date, the company must:
- Finalize the EGM agenda
- Set the meeting date, time, and location
- Prepare explanatory materials for each resolution
- Coordinate with the court-appointed or court-authorized applicants
Because this is court-ordered, the agenda is usually narrow and surgical, often focused on:
- Election or removal of directors
- Audit committee composition
- Ratification or invalidation of prior board actions
3. Mandatory notice period.
Under the Korean Commercial Act practice:
- Shareholders must receive at least 2 weeks’ notice
- Public disclosure accompanies the notice
- Courts often insist on strict procedural compliance to avoid later challenges
This pushes the EGM into mid- or late-February 2026 at the earliest, more likely late February or early March.
4. Pre-EGM legal maneuvering.
This is the most volatile phase:
- Parties may file injunctions challenging voting rights
- Challenges to beneficial ownership may surface
- Attempts to block specific resolutions are common
- Courts may issue interim rulings clarifying who can vote
For a disputed majority shareholder such as DKME Inc., this period is risky.
5. The EGM itself.
At the meeting:
- Voting occurs strictly based on the Feb 3 register
- Court scrutiny is high
- Any procedural defect can invalidate resolutions
- Outcomes are immediately reportable to KRX
KRX will treat this meeting as evidence of improvement-plan execution.
6. Post-EGM consequences.
Depending on the outcome:
- Governance may stabilize ? positive signal for listing survival
- Deadlock or invalid resolutions ? severe delisting risk
- Control change ? accelerates remediation
- Continued opacity ? early reconvening of the Listing Disclosure Committee
This is why the EGM is a make-or-break event during the improvement period.
Bottom line.
The timeline likely looks like this:
- Feb 3, 2026 — Record date
- Mid–late Feb 2026 — EGM notice issued
- Late Feb–early Mar 2026 — EGM held
Immediately after — KRX and court assessment
This is the moment when governance disputes stop being theoretical and become decisive.
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