Reported Earnings • Apr 12
Full year 2025 earnings released Full year 2025 results: Revenue: ₩6.76b (up 52% from FY 2024). Net loss: ₩21.8b (loss widened 227% from FY 2024). Announcement • Mar 25
SKONEC ENTERTAINMENT Co., Ltd. announced that it expects to receive KRW 2.999999704 billion in funding from Glometal Co. Ltd. SKONEC ENTERTAINMENT Co., Ltd announced a private placement to issue 4,354,136 common share at an issue price of KRW 689 for the proceeds of KRW 2,999,999,704 on March 24, 2026. Transaction involves participation of Glometal Co. Ltd. as an investor. Transaction is approved by board of directors and is expected to close by April 07, 2026. Shares have 1 year hold period from closing. New Risk • Mar 24
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₩13.3b (US$8.89m) This is considered a major 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 Earnings have declined by 8.3% per year over the past 5 years. Shareholders have been substantially diluted in the past year (72% increase in shares outstanding). Market cap is less than US$10m (₩13.3b market cap, or US$8.89m). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Revenue is less than US$5m (₩5.9b revenue, or US$3.9m). Announcement • Mar 17
SKONEC ENTERTAINMENT Co., Ltd., Annual General Meeting, Mar 31, 2026 SKONEC ENTERTAINMENT Co., Ltd., Annual General Meeting, Mar 31, 2026, at 09:01 Tokyo Standard Time. Location: auditorium, 14, nonhyeon-ro 68-gil, gangnam-gu, seoul South Korea Announcement • Mar 11
SKONEC ENTERTAINMENT Co., Ltd. announced that it has received KRW 5.01 billion in funding On March 10, 2026, SKONEC ENTERTAINMENT Co., Ltd. closed the transaction. The company issued series 6 bonds for gross proceeds of KRW 5,010,000,000. The bonds will be convertible into 6,431,322 shares at a conversion price of KRW 779. The transaction includes participation from new investor, FBH Global Fund No. 1. The securities are subject to 1 year lock up. New Risk • Jan 28
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 9.5% 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 Earnings have declined by 8.3% per year over the past 5 years. Shareholders have been substantially diluted in the past year (72% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Revenue is less than US$5m (₩5.9b revenue, or US$4.1m). Market cap is less than US$100m (₩26.6b market cap, or US$18.6m). Announcement • Nov 25
SKONEC ENTERTAINMENT Co., Ltd. announced that it expects to receive KRW 10 billion in funding SKONEC ENTERTAINMENT Co., Ltd announced a private placement to issue Series 6 Unregistered Interest Unsecured Private Convertible Bonds for aggregate gross proceeds of KRW 10,000,000,000 on November 24, 2025. The bonds carry an interest rate of 2% and a yield to maturity of 4%. The bonds will mature on December 9, 2028, are restricted and 100% convertible into common shares at a conversion price of KRW 1,431. The transaction has been approved by the board of directors, will include participation from FBH Global Fund No. 1 and is expected to close on December 9, 2025. The bonds will have a conversion period between December 9, 2026, to November 9, 2028. Announcement • Oct 03
SKONEC ENTERTAINMENT Co., Ltd. (KOSDAQ:A276040) agreed to acquire Woori BK Energy Co.,Ltd from Bk Energy Co Ltd for KRW 15.0 billion. SKONEC ENTERTAINMENT Co., Ltd. (KOSDAQ:A276040) agreed to acquire Woori BK Energy Co.,Ltd from Bk Energy Co Ltd for KRW 15.0 billion on October 1, 2025. A cash consideration of KRW 15 billion will be paid by SKONEC ENTERTAINMENT Co., Ltd. out of which & billion will be paid in cash and 8 billion will be Paid in unsecured, privately placed bearer convertible bonds by November 28, 2025. Funding method is cash on hand and planned issuance of convertible bonds.
For the period ending December 31, 2024, Woori BK Energy Co.,Ltd reported total revenue of KRW 59.54 billion and net income of KRW 537 million. As of December 31, 2024, Woori BK Energy Co.,Ltd reported total debt of KRW 36.71 billion and total assets of KRW 57.66 billion.
The expected completion of the transaction is October 31, 2025. Announcement • Sep 24
SKONEC ENTERTAINMENT Co., Ltd. announced that it expects to receive KRW 5 billion in funding SKONEC ENTERTAINMENT Co., Ltd.announced a private placement of the total amount of Bonds of KRW 5,000,000,000 of unregistered interest-bearing unsecured private convertible bonds on September 23, 2025. The bonds are 100% convertible to 3,012,048 common shares at a conversion value of KRW 13.9 whhich starts from November 01, 2026 through September 09, 2030. The bonds have a maturity date of October 01, 2030. The transaction consists participation from Wise Property as investor. New Risk • Aug 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 72% 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 (14% average weekly change). Earnings have declined by 5.4% per year over the past 5 years. Shareholders have been substantially diluted in the past year (72% increase in shares outstanding). Minor Risks Revenue is less than US$5m (₩4.8b revenue, or US$3.5m). Market cap is less than US$100m (₩36.4b market cap, or US$26.3m). Announcement • Aug 01
SKONEC ENTERTAINMENT Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 17.1424 billion. SKONEC ENTERTAINMENT Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 17.1424 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 7,785,838
Price\Range: KRW 1948
Discount Per Security: KRW 48.7
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,014,162
Price\Range: KRW 1948
Discount Per Security: KRW 48.7
Transaction Features: Rights Offering Announcement • May 30
SKONEC ENTERTAINMENT Co., Ltd. announced that it has received KRW 2 billion in funding from OptiCore Inc. On May 29, 2025, SKONEC ENTERTAINMENT Co., Ltd. closed the transaction. Announcement • May 28
SKONEC ENTERTAINMENT Co., Ltd. announced that it expects to receive KRW 2 billion in funding from OptiCore Inc. SKONEC ENTERTAINMENT Co., Ltd announced a private placement to issue 2% Series 4 Unsecured Private Placement Convertible Bonds due May 29, 2028 for gross proceeds of KRW 2,000,000,000 on May 27, 2025. The transaction will include participation from new investor OptiCore Inc. The trasnacton has been approved by shareholders, restricted to a hold period, expected to close on May 29, 2025, bears 2% coupon rate, 7% maturity rate and matures on May 29, 2028, 100% convertible into 438,596 shares at a fixed conversion price of KRW 4,560 from May 29, 2026 to April 29, 2028. New Risk • May 22
New major risk - Revenue and earnings growth Earnings have declined by 5.4% 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 5.4% per year over the past 5 years. Minor Risks Revenue is less than US$5m (₩4.8b revenue, or US$3.5m). Market cap is less than US$100m (₩58.4b market cap, or US$42.3m). Announcement • May 15
SKONEC ENTERTAINMENT Co., Ltd. has filed a Follow-on Equity Offering in the amount of KRW 25.608 billion. SKONEC ENTERTAINMENT Co., Ltd. has filed a Follow-on Equity Offering in the amount of KRW 25.608 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 8,800,000
Price\Range: KRW 2910
Discount Per Security: KRW 72.75
Transaction Features: Rights Offering Announcement • Apr 16
SKONEC ENTERTAINMENT Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 999.996125 million. SKONEC ENTERTAINMENT Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 999.996125 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 275,861
Price\Range: KRW 3625
Transaction Features: Subsequent Direct Listing Announcement • Apr 08
SKONEC ENTERTAINMENT Co., Ltd. has filed a Follow-on Equity Offering in the amount of KRW 999.996125 million. SKONEC ENTERTAINMENT Co., Ltd. has filed a Follow-on Equity Offering in the amount of KRW 999.996125 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 275,861
Price\Range: KRW 3625
Transaction Features: Subsequent Direct Listing Announcement • Mar 28
UNICOB Co., Ltd. and Happy Tree Partners No. 1 Fund completed the acquisition of 23.90% stake in SKONEC ENTERTAINMENT Co., Ltd. (KOSDAQ:A276040) from Hwang Dae Sil. UNICOB Co., Ltd. and Happy Tree Partners No. 1 Fund agreed to acquire 23.90% stake in SKONEC ENTERTAINMENT Co., Ltd. (KOSDAQ:A276040) from Hwang Dae Sil for KRW 18.7 billion on March 11, 2025. A cash consideration of KRW 18.65 billion will be paid by UNICOB Co., Ltd. and Happy Tree Partners No. 1 Fund. As part of consideration, KRW 18.65 billion is paid towards common equity of SKONEC ENTERTAINMENT Co., Ltd.
The expected completion of the transaction is March 26, 2025.
UNICOB Co., Ltd. and Happy Tree Partners No. 1 Fund completed the acquisition of 23.90% stake in SKONEC ENTERTAINMENT Co., Ltd. (KOSDAQ:A276040) from Hwang Dae Sil on March 26, 2025. AK Partners Asset Management Co., Ltd. formed an investment association, etc. prior to the contract termination date and transferred the status under this agreement to UNICOB Co., Ltd. and Happy Tree Partners No. 1 Fund. The assignee, UNICOB Co., Ltd. and Happy Tree Partners No. 1 Fund, will pay the full balance on March 26, 2025, the balance payment date, in accordance with the amendment agreement. The acquisition was financed through own funds KRW 7,447.200 million and borrowed Amount of KRW 2.500 billion. Announcement • Feb 28
SKONEC ENTERTAINMENT Co., Ltd., Annual General Meeting, Mar 28, 2025 SKONEC ENTERTAINMENT Co., Ltd., Annual General Meeting, Mar 28, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 577, seolleung-ro, gangnam-gu, seoul South Korea New Risk • Feb 10
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: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Revenue is less than US$5m (₩4.3b revenue, or US$3.0m). Market cap is less than US$100m (₩58.7b market cap, or US$40.5m). Reported Earnings • Aug 17
Second quarter 2024 earnings released: ₩159 loss per share (vs ₩147 loss in 2Q 2023) Second quarter 2024 results: ₩159 loss per share (further deteriorated from ₩147 loss in 2Q 2023). Revenue: ₩909.6m (down 40% from 2Q 2023). Net loss: ₩1.99b (loss widened 8.5% from 2Q 2023). New Risk • Jul 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩127.1b (US$99.7m) 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 Revenue has declined by 40% over the past year. Minor Risks Less than 3 years of financial data is available. Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Revenue is less than US$5m (₩3.6b revenue, or US$2.8m). Market cap is less than US$100m (₩127.1b market cap, or US$99.7m). New Risk • Jul 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩127.1b (US$99.7m) 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 Revenue has declined by 40% over the past year. Minor Risks Less than 3 years of financial data is available. Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Revenue is less than US$5m (₩3.6b revenue, or US$2.8m). Market cap is less than US$100m (₩127.1b market cap, or US$99.7m). 