Stock Analysis

High Growth Tech Stocks To Watch In South Korea This September 2024

KOSDAQ:A089980
Source: Shutterstock

The South Korean market is up 2.5% in the last 7 days, with all sectors gaining ground, although performance was flat over the past year. With earnings forecast to grow by 29% annually, identifying high-growth tech stocks can be key to capitalizing on this upward trend.

Top 10 High Growth Tech Companies In South Korea

NameRevenue GrowthEarnings GrowthGrowth Rating
Revu20.22%39.40%★★★★★★
Seojin SystemLtd33.61%52.05%★★★★★★
IMLtd21.80%111.43%★★★★★★
Bioneer23.53%97.58%★★★★★★
FLITTO32.60%106.82%★★★★★★
ALTEOGEN64.22%99.46%★★★★★★
NEXON Games29.64%66.98%★★★★★★
Park Systems23.64%35.66%★★★★★★
Devsisters29.08%63.02%★★★★★★
AmosenseLtd24.04%71.97%★★★★★★

Click here to see the full list of 43 stocks from our KRX High Growth Tech and AI Stocks screener.

We're going to check out a few of the best picks from our screener tool.

Cafe24 (KOSDAQ:A042000)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Cafe24 Corp. operates an e-commerce platform worldwide with a market cap of ₩727.76 billion.

Operations: Cafe24 Corp. generates revenue primarily through its Internet Business Solution segment, which accounts for ₩230.51 billion, followed by Transit at ₩42.97 billion and Clothing at ₩21.03 billion. The company also has consolidated adjustments amounting to -₩12.59 billion.

Cafe24, a notable player in South Korea's tech sector, has seen its earnings grow by 42.47% annually, outpacing the IT industry's 1.2% growth rate. The company forecasts revenue growth of 11.1% per year, surpassing the KR market's average of 10.1%. With significant R&D investments amounting to ₩13.1B last year, Cafe24 is focusing on innovative e-commerce solutions that cater to a diverse clientele including SMEs and large enterprises alike.

KOSDAQ:A042000 Earnings and Revenue Growth as at Sep 2024
KOSDAQ:A042000 Earnings and Revenue Growth as at Sep 2024

Sang-A FrontecLtd (KOSDAQ:A089980)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Sang-A Frontec Co.,Ltd. engages in the research and development, production, and sale of materials/parts based on engineering plastics in South Korea and internationally, with a market cap of ₩349.23 billion.

Operations: Sang-A Frontec Co.,Ltd. generates revenue primarily from its Plastics & Rubber segment, amounting to ₩176.42 billion. The company focuses on engineering plastics for various applications both domestically and internationally.

Sang-A FrontecLtd has demonstrated robust growth, with earnings increasing by 30.3% over the past year, outpacing the electronic industry’s -13.4% decline. The company's revenue is projected to grow at an impressive rate of 20.3% per year, significantly higher than the Korean market's average of 10.1%. Furthermore, Sang-A FrontecLtd is expected to see its earnings surge by 39.4% annually over the next three years, driven by substantial R&D investments and innovative product developments in their core segments.

KOSDAQ:A089980 Earnings and Revenue Growth as at Sep 2024
KOSDAQ:A089980 Earnings and Revenue Growth as at Sep 2024

Seojin SystemLtd (KOSDAQ:A178320)

Simply Wall St Growth Rating: ★★★★★★

Overview: Seojin System Co., Ltd. specializes in providing telecom equipment, repeaters, mechanical products, and LED and other equipment, with a market cap of ₩1.42 trillion.

Operations: The company generates revenue primarily from its EMS Division, contributing ₩1.52 billion, and the Semiconductor segment, adding ₩169.98 million. The telecom equipment and mechanical products segments are also significant contributors to its overall business operations.

Seojin SystemLtd is projected to see revenue growth of 33.6% annually, significantly outpacing the Korean market's average of 10.1%. Their earnings are expected to grow at an impressive rate of 52.1% per year over the next three years, driven by substantial R&D investments and innovative product developments in their core segments. Recent private placements raised KRW 100 billion, indicating strong investor confidence and providing capital for future expansion and technological advancements.

KOSDAQ:A178320 Revenue and Expenses Breakdown as at Sep 2024
KOSDAQ:A178320 Revenue and Expenses Breakdown as at Sep 2024

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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