Valuation Update With 7 Day Price Move • May 12
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩2,245, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 14x in the Media industry in South Korea. Total returns to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₩2,945, the stock trades at a trailing P/E ratio of 25.2x. Average trailing P/E is 12x in the Media industry in South Korea. Total returns to shareholders of 35% over the past three years. Aankondiging • Mar 10
DIGITAL CHOSUN Inc., Annual General Meeting, Mar 26, 2026 DIGITAL CHOSUN Inc., Annual General Meeting, Mar 26, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 22, sejong-daero 21-gil, jung-gu, seoul South Korea Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩2,135, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 12x in the Media industry in South Korea. Total loss to shareholders of 7.9% over the past three years. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩1,730, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 12x in the Media industry in South Korea. Total loss to shareholders of 30% over the past three years. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩1,997, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 12x in the Media industry in South Korea. Total loss to shareholders of 21% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩30.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 20 April 2026. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of South Korean dividend payers (3.6%). Lower than average of industry peers (5.0%). Reported Earnings • Nov 16
Third quarter 2025 earnings released: EPS: ₩53.00 (vs ₩31.00 in 3Q 2024) Third quarter 2025 results: EPS: ₩53.00 (up from ₩31.00 in 3Q 2024). Revenue: ₩10.0b (up 7.4% from 3Q 2024). Net income: ₩1.96b (up 72% from 3Q 2024). Profit margin: 20% (up from 12% in 3Q 2024). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Declared Dividend • Nov 08
Dividend of ₩30.00 announced Dividend of ₩30.00 is the same as last year. Ex-date: 29th December 2025 Payment date: 20th April 2026 Dividend yield will be 2.1%, which is lower than the industry average of 4.2%. Sustainability & Growth Dividend is covered by earnings (32% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 4.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Aankondiging • Nov 07
DIGITAL CHOSUN Inc. announces Annual dividend, payable on April 20, 2026 DIGITAL CHOSUN Inc. announced Annual dividend of KRW 30.0000 per share payable on April 20, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Aankondiging • Mar 15
DIGITAL CHOSUN Inc., Annual General Meeting, Mar 28, 2025 DIGITAL CHOSUN Inc., Annual General Meeting, Mar 28, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 22, sejong-daero 21-gil, jung-gu, seoul South Korea Buy Or Sell Opportunity • Mar 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.5% to ₩1,723. The fair value is estimated to be ₩2,162, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 7.2%. Upcoming Dividend • Dec 20
Upcoming dividend of ₩20.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 21 April 2025. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of South Korean dividend payers (3.9%). Lower than average of industry peers (5.2%). Buy Or Sell Opportunity • Dec 19
Now 20% undervalued Over the last 90 days, the stock has risen 16% to ₩1,760. The fair value is estimated to be ₩2,204, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 7.2%. New Risk • Dec 16
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 Share price has been volatile over the past 3 months (9.9% average weekly change). Market cap is less than US$100m (₩69.4b market cap, or US$48.3m). Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improves as stock rises 42% After last week's 42% share price gain to ₩2,350, the stock trades at a trailing P/E ratio of 28.6x. Average trailing P/E is 12x in the Media industry in South Korea. Total loss to shareholders of 31% over the past three years. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩1,440, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 11x in the Media industry in South Korea. Total loss to shareholders of 60% over the past three years. Buy Or Sell Opportunity • Jun 03
Now 21% overvalued Over the last 90 days, the stock has fallen 8.3% to ₩1,884. The fair value is estimated to be ₩1,556, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.0% over the last 3 years. Earnings per share has grown by 20%. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: ₩13.00 (vs ₩6.00 in 1Q 2023) First quarter 2024 results: EPS: ₩13.00 (up from ₩6.00 in 1Q 2023). Revenue: ₩8.49b (up 16% from 1Q 2023). Net income: ₩481.2m (up 112% from 1Q 2023). Profit margin: 5.7% (up from 3.1% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 22
Full year 2023 earnings released: EPS: ₩92.00 (vs ₩75.00 in FY 2022) Full year 2023 results: EPS: ₩92.00 (up from ₩75.00 in FY 2022). Revenue: ₩36.6b (up 5.3% from FY 2022). Net income: ₩3.42b (up 23% from FY 2022). Profit margin: 9.3% (up from 8.0% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 20
Upcoming dividend of ₩20.00 per share at 0.9% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 17 April 2024. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (4.2%). Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: ₩44.00 (vs ₩32.00 in 2Q 2022) Second quarter 2023 results: EPS: ₩44.00 (up from ₩32.00 in 2Q 2022). Revenue: ₩9.76b (up 16% from 2Q 2022). Net income: ₩1.62b (up 37% from 2Q 2022). Profit margin: 17% (up from 14% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. New Risk • Jul 05
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.9% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 17% per year over the past 5 years. 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 (₩80.5b market cap, or US$61.9m). Reported Earnings • Mar 19
Full year 2022 earnings released: EPS: ₩75.00 (vs ₩74.00 in FY 2021) Full year 2022 results: EPS: ₩75.00 (up from ₩74.00 in FY 2021). Revenue: ₩34.7b (up 3.8% from FY 2021). Net income: ₩2.79b (up 2.0% from FY 2021). Profit margin: 8.0% (down from 8.2% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Buying Opportunity • Mar 13
Now 22% undervalued Over the last 90 days, the stock is up 4.8%. The fair value is estimated to be ₩3,093, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.4%. Buying Opportunity • Feb 15
Now 21% undervalued Over the last 90 days, the stock is up 3.7%. The fair value is estimated to be ₩3,040, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.4%. Buying Opportunity • Jan 02
Now 24% undervalued Over the last 90 days, the stock is up 25%. The fair value is estimated to be ₩3,408, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.4%. Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment improved over the past week After last week's 22% share price gain to ₩2,815, the stock trades at a trailing P/E ratio of 33x. Average trailing P/E is 13x in the Media industry in South Korea. Total returns to shareholders of 31% over the past three years. Upcoming Dividend • Dec 21
Upcoming dividend of ₩20.00 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 12 April 2023. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (3.4%). 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. 6 experienced directors. No highly experienced directors. 2 independent directors (4 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. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: ₩34.00 (vs ₩34.00 in 3Q 2021) Third quarter 2022 results: EPS: ₩34.00 (in line with 3Q 2021). Revenue: ₩8.59b (flat on 3Q 2021). Net income: ₩1.26b (down 1.4% from 3Q 2021). Profit margin: 15% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment improved over the past week After last week's 16% share price gain to ₩2,460, the stock trades at a trailing P/E ratio of 28.7x. Average trailing P/E is 13x in the Media industry in South Korea. Total loss to shareholders of 9.8% over the past three years. Buying Opportunity • Jun 15
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 30%. The fair value is estimated to be ₩2,946, 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 24%. 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. 6 experienced directors. No highly experienced directors. 2 independent directors (4 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 • Mar 14
Investor sentiment improved over the past week After last week's 19% share price gain to ₩3,440, the stock trades at a trailing P/E ratio of 58.3x. Average trailing P/E is 15x in the Media industry in South Korea. Total returns to shareholders of 89% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩20.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 13 April 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (2.3%). Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improved over the past week After last week's 16% share price gain to ₩3,455, the stock trades at a trailing P/E ratio of 67.6x. Average trailing P/E is 19x in the Media industry in South Korea. Total returns to shareholders of 109% over the past three years. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improved over the past week After last week's 16% share price gain to ₩3,800, the stock trades at a trailing P/E ratio of 77.6x. Average trailing P/E is 20x in the Media industry in South Korea. Total returns to shareholders of 69% over the past three years. Is New 90 Day High Low • Jan 04
New 90-day high: ₩3,150 The company is up 13% from its price of ₩2,790 on 06 October 2020. The South Korean market is up 21% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Media industry, which is up 6.0% over the same period. Is New 90 Day High Low • Dec 10
New 90-day high: ₩3,065 The company is up 10.0% from its price of ₩2,795 on 11 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Media industry, which is up 3.0% over the same period.