New Risk • May 28
New major risk - Revenue and earnings growth Earnings have declined by 10% per year over the past 5 years. 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 profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings 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 Risk Earnings have declined by 10% 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 (₩98.8b market cap, or US$65.8m). Announcement • Mar 27
A consortium consist of T2 Private Equity Co., Ltd., Yuanta Investment and Taekwang Industrial Co., Ltd. (KOSE:A003240) acquired Aekyung Industrial Co., Ltd. (KOSE:A018250) from AK Holdings, Inc. (KOSE:A006840) and others. A consortium consist of T2 Private Equity Co., Ltd., Yuanta Investment and Taekwang Industrial Co., Ltd. (KOSE:A003240) proposed to acquire Aekyung Industrial Co., Ltd. (KOSE:A018250) from AK Holdings, Inc. (KOSE:A006840) and others on September 8, 2025. Factoring in the management premium, the enterprise value is estimated at around KRW 600 billion, and the acquisition price is reportedly being discussed in the KRW 400-500 billion range. A consortium consist of T2 Private Equity Co., Ltd., Yuanta Investment and Taekwang Industrial Co., Ltd. agreed to acquire 63.13% stake in Aekyung Industrial Co., Ltd. from AK Holdings, Inc. and Aekyung Asset Management Co., Ltd. for approximately KRW 470 million on October 20, 2025.
The transaction is expected to close on February 19, 2026. Expected acquisition date is changed to March 26, 2026.
A consortium consist of T2 Private Equity Co., Ltd., Yuanta Investment and Taekwang Industrial Co., Ltd. (KOSE:A003240) completed the acquisition of Aekyung Industrial Co., Ltd. (KOSE:A018250) from AK Holdings, Inc. (KOSE:A006840) and others on March 26, 2026. Announcement • Feb 12
AK Holdings, Inc., Annual General Meeting, Mar 31, 2026 AK Holdings, Inc., Annual General Meeting, Mar 31, 2026, at 09:01 Tokyo Standard Time. Location: araum hall, 188, yanghwa-ro, mapo-gu, seoul South Korea 
