Aankondiging • Apr 17
Blue Industrial Development Co., Ltd. announced that it expects to receive KRW 25 billion in funding from SDB Investment Union Blue Industrial Development Co., Ltd. announced private placement to issue Series 4 Bearer-type interest-bearing unsecured private placement convertible bonds for gross proceeds of KRW 10,000,000,000 to returning investor SDB Investment Union and Series 5 Bearer-type interest-bearing unsecured private placement convertible bonds for gross proceeds of KRW 15,000,000,000 to AOH combination on April 15, 2026. The series 4 and series 5 bonds bear 1% interest rate and 2% yield to maturity and will mature on May 14, 2029. Series 4 bonds are 100% convertible into 17,761,989 common shares and series 5 bonds are 100% convertible into 26,642,984 common shares at a conversion price of KRW 563 at a conversion period of May 14, 2027 to April 14, 2029. The bonds are restricted for 1 year. The transaction is approved by board of directors of the company and is expected to close on May 14, 2026. Aankondiging • Mar 17
Blue Industrial Development Co., Ltd., Annual General Meeting, Mar 31, 2026 Blue Industrial Development Co., Ltd., Annual General Meeting, Mar 31, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 9, seotan-ro, jinwi-myeon, gyeonggi-do, pyeongtaek South Korea Aankondiging • Nov 21
Blue Industrial Development Co., Ltd. announced that it expects to receive KRW 8.500000236 billion in funding Blue Industrial Development Co., Ltd. announced private placement of 10,545,906 common shares at an issue price of KRW 806 for gross proceeds of KRW 8,500,000,236 on November 20, 2025. The transaction includes participation from BNN Fund for 10,545,906 shares. The common shares are restricted for 1 year. The transaction is approved by board of directors of the company and is expected to close on December 26, 2025. Aankondiging • Sep 06
Young Poong Paper Mfg Co.,Ltd. has filed a Follow-on Equity Offering in the amount of KRW 999.99826 million. Young Poong Paper Mfg Co.,Ltd. has filed a Follow-on Equity Offering in the amount of KRW 999.99826 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,094,090
Price\Range: KRW 914
Discount Per Security: KRW 0.01
Transaction Features: Subsequent Direct Listing Aankondiging • Sep 05
Young Poong Paper Mfg Co.,Ltd. announced that it expects to receive KRW 10.99999914 billion in funding Young Poong Paper Mfg Co.,Ltd. announced a private placement to issue 12,035,010 common shares at an issue price of KRW 914 per share for gross proceeds of KRW 10,999,999,140 on September 4, 2025. The transaction will include participation from new investor B&M Union. the transaction has been approved by shareholders, expected to close on September 26, 2025, restricted to a hold period. New Risk • May 29
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 65% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (₩53.6b market cap, or US$38.8m). Aankondiging • Mar 18
Young Poong Paper Mfg Co.,Ltd., Annual General Meeting, Mar 31, 2025 Young Poong Paper Mfg Co.,Ltd., Annual General Meeting, Mar 31, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 9, seotan-ro, jinwi-myeon, gyeonggi-do, pyeongtaek South Korea New Risk • Jan 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 51% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (₩61.6b market cap, or US$41.8m). New Risk • Sep 24
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 10% 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: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 44% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (₩77.7b market cap, or US$58.2m). New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₩57.6b market cap, or US$43.8m). New Risk • Aug 26
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 44% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩59.4b market cap, or US$44.9m). New Risk • Apr 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% 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. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 222% Paying a dividend despite having no free cash flows. Earnings have declined by 30% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (₩82.2b market cap, or US$59.7m). Reported Earnings • Mar 22
Full year 2023 earnings released: ₩118 loss per share (vs ₩180 profit in FY 2022) Full year 2023 results: ₩118 loss per share (down from ₩180 profit in FY 2022). Revenue: ₩82.6b (down 22% from FY 2022). Net loss: ₩5.41b (down 168% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Dec 20
Upcoming dividend of ₩240 per share at 12% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 28 March 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 12%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (4.0%). New Risk • Dec 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩129.2b (US$98.3m) 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 Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 222% Paying a dividend despite having no free cash flows. Earnings have declined by 22% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₩129.2b market cap, or US$98.3m). Buying Opportunity • Nov 27
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 94%. The fair value is estimated to be ₩3,769, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.1% over the last 3 years. Earnings per share has declined by 22%. Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: ₩65.00 (vs ₩24.00 in 3Q 2022) Third quarter 2023 results: EPS: ₩65.00 (up from ₩24.00 in 3Q 2022). Revenue: ₩22.1b (down 13% from 3Q 2022). Net income: ₩3.03b (up 182% from 3Q 2022). Profit margin: 14% (up from 4.2% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment deteriorates as stock falls 83% After last week's 83% share price decline to ₩4,010, the stock trades at a trailing P/E ratio of 60.5x. Average trailing P/E is 4x in the Forestry industry in South Korea. Total returns to shareholders of 175% over the past three years. New Risk • Oct 18
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 12% 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: Major Risk Earnings have declined by 23% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Large one-off items impacting financial results. Reported Earnings • Aug 11
Second quarter 2023 earnings released: ₩25.00 loss per share (vs ₩48.00 profit in 2Q 2022) Second quarter 2023 results: ₩25.00 loss per share (down from ₩48.00 profit in 2Q 2022). Revenue: ₩21.7b (down 24% from 2Q 2022). Net loss: ₩1.14b (down 154% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 223% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 22
Upcoming dividend of ₩71.60 per share at 1.4% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 08 September 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 1.4%. Lower than top quartile of South Korean dividend payers (3.2%). Lower than average of industry peers (2.7%). Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩23,400, the stock trades at a trailing P/E ratio of 52.1x. Average trailing P/E is 6x in the Forestry industry in South Korea. Total returns to shareholders of 805% over the past three years. Reported Earnings • Mar 09
Full year 2022 earnings released: EPS: ₩451 (vs ₩362 in FY 2021) Full year 2022 results: EPS: ₩451 (up from ₩362 in FY 2021). Revenue: ₩105.4b (down 13% from FY 2021). Net income: ₩7.93b (up 25% from FY 2021). Profit margin: 7.5% (up from 5.3% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 81% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment improved over the past week After last week's 18% share price gain to ₩14,000, the stock trades at a trailing P/E ratio of 41.1x. Average trailing P/E is 7x in the Forestry industry in South Korea. Total returns to shareholders of 347% over the past three years. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment deteriorated over the past week After last week's 23% share price decline to ₩12,950, the stock trades at a trailing P/E ratio of 38x. Average trailing P/E is 8x in the Forestry industry in South Korea. Total returns to shareholders of 333% over the past three years. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improved over the past week After last week's 16% share price gain to ₩14,450, the stock trades at a trailing P/E ratio of 42.4x. Average trailing P/E is 8x in the Forestry industry in South Korea. Total returns to shareholders of 418% over the past three years. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improved over the past week After last week's 16% share price gain to ₩8,100, the stock trades at a trailing P/E ratio of 28.4x. Average trailing P/E is 12x in the Forestry industry in South Korea. Total returns to shareholders of 185% over the past three years. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improved over the past week After last week's 20% share price gain to ₩8,810, the stock trades at a trailing P/E ratio of 30.9x. Average trailing P/E is 13x in the Forestry industry in South Korea. Total returns to shareholders of 207% over the past three years. Aankondiging • Jun 16
Daiyang Metal Co., Ltd. (KOSE:A009190) entered into a contract to acquire a 50.55% stake in Young Poong Paper Mfg Co.,Ltd. (KOSE:A006740) from Growth First Investment Purpose Co., Ltd. for approximately KRW 130 billion. Daiyang Metal Co., Ltd. (KOSE:A009190) entered into a contract to acquire a 50.55% stake in Young Poong Paper Mfg Co.,Ltd. (KOSE:A006740) from Growth First Investment Purpose Co., Ltd. for approximately KRW 130 billion on June 14, 2022. Daiyang Metal will acquire 11,221,730 shares and will pay 10% of the transaction price as down payment on contract signing and the balance consideration on closing. The consideration will be funded from holding funds and new funds. In a related transaction, Daiyang Metal entered into the sales contract to purchase stock options granted by Young Poong Paper on March 16, 2018. The transaction is resolved by the board of Young Poong Paper and Daiyang Metal and expected to complete within 4 months from the date of signing the contract. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improved over the past week After last week's 18% share price gain to ₩14,000, the stock trades at a trailing P/E ratio of 48x. Average trailing P/E is 12x in the Forestry industry in South Korea. Total returns to shareholders of 312% over the past three years. Valuation Update With 7 Day Price Move • May 25
Investor sentiment deteriorated over the past week After last week's 22% share price decline to ₩11,750, the stock trades at a trailing P/E ratio of 40.2x. Average trailing P/E is 15x in the Forestry industry in South Korea. Total returns to shareholders of 233% over the past three years. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improved over the past week After last week's 16% share price gain to ₩12,650, the stock trades at a trailing P/E ratio of 35x. Average trailing P/E is 17x in the Forestry industry in South Korea. Total returns to shareholders of 237% over the past three years. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improved over the past week After last week's 19% share price gain to ₩10,650, the stock trades at a trailing P/E ratio of 26.3x. Average trailing P/E is 13x in the Forestry industry in South Korea. Total returns to shareholders of 208% over the past three years. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 25% share price gain to ₩9,240, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 13x in the Forestry industry in South Korea. Total returns to shareholders of 184% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩40.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 18 April 2022. Payout ratio is a comfortable 9.9% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (1.8%). Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improved over the past week After last week's 23% share price gain to ₩9,260, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 16x in the Forestry industry in South Korea. Total returns to shareholders of 200% over the past three years. Reported Earnings • May 19
First quarter 2021 earnings released: EPS ₩157 (vs ₩167 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: ₩29.1b (up 18% from 1Q 2020). Net income: ₩2.76b (down 8.3% from 1Q 2020). Profit margin: 9.5% (down from 12% in 1Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Mar 21
Full year 2020 earnings released: EPS ₩483 (vs ₩516 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₩98.2b (down 1.5% from FY 2019). Net income: ₩8.54b (down 8.1% from FY 2019). Profit margin: 8.7% (down from 9.3% in FY 2019). Aankondiging • Mar 13
Young Poong Paper Mfg Co.,Ltd., Annual General Meeting, Mar 29, 2021 Young Poong Paper Mfg Co.,Ltd., Annual General Meeting, Mar 29, 2021, at 10:00 Korea Standard Time. Is New 90 Day High Low • Feb 15
New 90-day high: ₩7,990 The company is up 85% from its price of ₩4,330 on 17 November 2020. The South Korean market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 20% over the same period. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment improved over the past week After last week's 32% share price gain to ₩7,990, the stock is trading at a trailing P/E ratio of 15.9x, up from the previous P/E ratio of 12x. This compares to an average P/E of 18x in the Forestry industry in South Korea. Total returns to shareholders over the past three years are 165%. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improved over the past week After last week's 20% share price gain to ₩6,870, the stock is trading at a trailing P/E ratio of 13.6x, up from the previous P/E ratio of 11.4x. This compares to an average P/E of 17x in the Forestry industry in South Korea. Total returns to shareholders over the past three years are 124%. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩6,500, the stock is trading at a trailing P/E ratio of 12.9x, down from the previous P/E ratio of 15.7x. This compares to an average P/E of 18x in the Forestry industry in South Korea. Total returns to shareholders over the past three years are 130%. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩40.00 Per Share Will be paid on the 17th of April to those who are registered shareholders by the 29th of December. The trailing yield of 0.5% is below the top quartile of South Korean dividend payers (2.6%), and is lower than industry peers (1.7%). Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improved over the past week After last week's 19% share price gain to ₩7,710, the stock is trading at a trailing P/E ratio of 15.3x, up from the previous P/E ratio of 12.9x. This compares to an average P/E of 17x in the Forestry industry in South Korea. Total returns to shareholders over the past three years are 122%. Is New 90 Day High Low • Dec 07
New 90-day high: ₩6,930 The company is up 86% from its price of ₩3,730 on 08 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 10.0% over the same period. Valuation Update With 7 Day Price Move • Nov 27
Market bids up stock over the past week After last week's 28% share price gain to ₩5,550, the stock is trading at a trailing P/E ratio of 11x, up from the previous P/E ratio of 8.6x. This compares to an average P/E of 16x in the Forestry industry in South Korea. Total returns to shareholders over the past three years are 97%. Is New 90 Day High Low • Nov 18
New 90-day high: ₩4,800 The company is up 55% from its price of ₩3,095 on 20 August 2020. The South Korean market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 3.0% over the same period. Valuation Update With 7 Day Price Move • Nov 17
Market bids up stock over the past week After last week's 15% share price gain to ₩4,330, the stock is trading at a trailing P/E ratio of 7.4x, up from the previous P/E ratio of 6.4x. This compares to an average P/E of 7x in the Forestry industry in South Korea. Total returns to shareholders over the past three years are 56%. Is New 90 Day High Low • Nov 03
New 90-day high: ₩3,880 The company is up 13% from its price of ₩3,425 on 05 August 2020. The South Korean market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is down 6.0% over the same period.