공고 • 12h
KG Mobility Corp. announced that it expects to receive KRW 108.1425 billion in funding from Chery Global Innovations (Hong Kong) Limited KG Mobility Corp. has announced a private placement of Series 124 Unregistered, non-interested, unsecured private convertible Bonds of the company to raise gross proceeds of KRW 108,142,500,000 on August 2, 2026. The transaction involves the new investor participation of Chery Global Innovations (Hong Kong) Limited for KRW 108,142,500,000. The bonds are 100% convertible into 39,182,065 common shares of the company at a conversion price value of KRW 2,760 and carry interest rate of 0% and maturity interest rate of 1%. The conversion billing period starts from August 11, 2027 to July 11, 2029. The transaction has been approved by the board of directors of the company. The transaction is subject to 1 year hold period. The bonds have a maturity date of August 11, 2029. The transaction is expected to close on August 11, 2026. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩3,250, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 15x in the Auto industry in Asia. Total loss to shareholders of 93% over the past three years. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩4,040, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 18x in the Auto industry in Asia. Total loss to shareholders of 75% over the past year. Reported Earnings • Mar 21
Full year 2025 earnings released: EPS: ₩232 (vs ₩175 in FY 2024) Full year 2025 results: EPS: ₩232 (up from ₩175 in FY 2024). Revenue: ₩4.30t (up 10% from FY 2024). Net income: ₩46.6b (up 38% from FY 2024). Profit margin: 1.1% (up from 0.9% in FY 2024). The increase in margin was driven by higher revenue. 공고 • Feb 27
KG Mobility Corp., Annual General Meeting, Mar 26, 2026 KG Mobility Corp., Annual General Meeting, Mar 26, 2026, at 09:01 Tokyo Standard Time. Location: seminar room, 455-12, dongsak-ro, gyeonggi-do, pyeongtaek South Korea 공고 • Dec 12
KG Mobility Corp.(KOSE:A003620) dropped from KOSPI 200 Index KG Mobility Corp has been dropped from KOSPI 200 Index. New Risk • Dec 06
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 415% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (415% increase in shares outstanding). Minor Risk Large one-off items impacting financial results. 공고 • Oct 22
KG Mobility Corp. to Report Q3, 2025 Results on Oct 29, 2025 KG Mobility Corp. announced that they will report Q3, 2025 results at 12:00 PM, Korea Standard Time on Oct 29, 2025 New Risk • Aug 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩135.8b (US$98.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Reported Earnings • May 21
First quarter 2025 earnings released: EPS: ₩15.00 (vs ₩287 in 1Q 2024) First quarter 2025 results: EPS: ₩15.00 (down from ₩287 in 1Q 2024). Revenue: ₩916.6b (down 8.5% from 1Q 2024). Net income: ₩3.00b (down 94% from 1Q 2024). Profit margin: 0.3% (down from 5.4% in 1Q 2024). New Risk • May 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 418% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (30% average weekly change). Shareholders have been substantially diluted in the past year (418% increase in shares outstanding). Minor Risk Large one-off items impacting financial results. New Risk • May 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩133.2b (US$95.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (29% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₩133.2b market cap, or US$95.2m). 공고 • Apr 24
KG Mobility Corp. announced that it expects to receive KRW 288.7924 million in funding KG Mobility Corp. announced a private placement that it will issue 18,278 common shares of the company at an issue price of KRW 15,800 per share for the gross proceeds of up to KRW 288,792,400 on April 24, 2025. The transaction will include participation from Iljin Corp. The transaction is expected to close on May 3, 2025 and the transaction has been approved by the board of directors of the company. New Risk • Apr 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 9.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Large one-off items impacting financial results. Reported Earnings • Mar 22
Full year 2024 earnings released: EPS: ₩175 (vs ₩48.00 in FY 2023) Full year 2024 results: EPS: ₩175 (up from ₩48.00 in FY 2023). Revenue: ₩3.91t (up 4.5% from FY 2023). Net income: ₩33.8b (up 279% from FY 2023). Profit margin: 0.9% (up from 0.2% in FY 2023). 공고 • Feb 25
KG Mobility Corp., Annual General Meeting, Mar 26, 2025 KG Mobility Corp., Annual General Meeting, Mar 26, 2025, at 09:00 Tokyo Standard Time. Location: seminar room, 455-12, dongsak-ro, gyeonggi-do, pyeongtaek South Korea New Risk • Dec 07
New major risk - Revenue and earnings growth Revenue has declined by 0.4% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩301b free cash flow). Revenue has declined by 0.4% over the past year. Minor Risk Shareholders have been diluted in the past year (5.1% increase in shares outstanding). New Risk • Aug 24
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 28% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (28% accrual ratio). Minor Risk Shareholders have been diluted in the past year (4.9% increase in shares outstanding). 공고 • Jul 20
KG Mobility Corp. to Report Q2, 2024 Results on Jul 26, 2024 KG Mobility Corp. announced that they will report Q2, 2024 results on Jul 26, 2024 Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩6,250, the stock trades at a trailing P/E ratio of 26.4x. Average trailing P/E is 17x in the Auto industry in Asia. Total loss to shareholders of 20% over the past year. 공고 • Apr 20
KG Mobility Corp. to Report Q1, 2024 Results on Apr 22, 2024 KG Mobility Corp. announced that they will report Q1, 2024 results at 12:00 PM, Korea Standard Time on Apr 22, 2024 New Risk • Apr 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 21
Full year 2023 earnings released: EPS: ₩48.00 (vs ₩1,068 loss in FY 2022) Full year 2023 results: EPS: ₩48.00 (up from ₩1,068 loss in FY 2022). Revenue: ₩3.74t (up 9.1% from FY 2022). Net income: ₩8.92b (up ₩69.1b from FY 2022). Profit margin: 0.2% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. 공고 • Feb 23
KG Mobility Corp., Annual General Meeting, Mar 26, 2024 KG Mobility Corp., Annual General Meeting, Mar 26, 2024, at 09:01 Korea Standard Time. Agenda: To consider audit reports; to consider the operating status of the internal accounting management system; to consider report on transactions with the largest shareholder; to consider Operating report; to consider the 62nd (2023) (January 1 December 31, 2023) financial statement (non-consolidated/consolidated); to consider Appointment of outside directors; and to consider directors’ remuneration limit.