Announcement • Apr 15
Obigo, Inc. announced that it has received KRW 15 billion in funding from Kiwoom Private Equity, Inc. On April 14, 2026, Obigo, Inc. closed the transaction. Announcement • Mar 26
Obigo, Inc. announced that it expects to receive KRW 15 billion in funding from Kiwoom Private Equity, Inc. and another investor Obigo, Inc announced a private placement to issue Zero Coupon Series 2 Unsecured Private Placement Convertible Bonds due April 9, 2029 for gross proceeds of KRW 15,000,000,000 on March 25. 2026. The transaction will include participation from new investor Kiwoom Private Equity, Inc. (Note 1) for KRW 10,000,000,000 and Korea Investment Continuation I Fund for KRW 5,000,000,000. The transaction has been approved by shareholders, expected to close on April 9, 2026, 100% convertible into 3,497,318 shares at a fixed conversion price of KRW 4,289 from April 9, 2027 to March 9, 2029, bears zero coupon rate, 1% maturity rate and matures on April 9, 2029. Announcement • Mar 17
Obigo, Inc., Annual General Meeting, Mar 30, 2026 Obigo, Inc., Annual General Meeting, Mar 30, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 338, pangyo-ro, bundang-gu, gyeonggi-do, seongnam South Korea New Risk • Dec 26
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: Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Market cap is less than US$100m (₩72.4b market cap, or US$50.1m). Announcement • Mar 14
Obigo, Inc., Annual General Meeting, Mar 28, 2025 Obigo, Inc., Annual General Meeting, Mar 28, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 338, pangyo-ro, bundang-gu, gyeonggi-do, seongnam South Korea Buy Or Sell Opportunity • Jul 05
Now 23% overvalued Over the last 90 days, the stock has fallen 8.4% to ₩6,720. The fair value is estimated to be ₩5,469, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Meanwhile, the company has become profitable. New Risk • May 30
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.9% 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: Minor Risks Shareholders have been diluted in the past year (3.9% increase in shares outstanding). Market cap is less than US$100m (₩89.0b market cap, or US$64.7m). Reported Earnings • Mar 21
Full year 2023 earnings released: EPS: ₩31.04 (vs ₩206 loss in FY 2022) Full year 2023 results: EPS: ₩31.04 (up from ₩206 loss in FY 2022). Revenue: ₩15.1b (up 37% from FY 2022). Net income: ₩375.6m (up ₩2.77b from FY 2022). Profit margin: 2.5% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Software industry in South Korea. New Risk • Jun 30
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩130.1b (US$98.4m) 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: Minor Risks Less than 3 years of financial data is available. Shareholders have been diluted in the past year (6.2% increase in shares outstanding). Market cap is less than US$100m (₩130.1b market cap, or US$98.4m). Buying Opportunity • Feb 06
Now 21% undervalued Over the last 90 days, the stock is up 34%. The fair value is estimated to be ₩14,118, 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 year. Earnings per share has grown by 30%. Announcement • Oct 05
LG Uplus Corp. (KOSE:A032640) acquired 5% stake in Obigo Inc. (KOSDAQ:A352910) for KRW 7.2 billion. LG Uplus Corp. (KOSE:A032640) acquired 5% stake in Obigo Inc. (KOSDAQ:A352910) for KRW 7.2 billion on September 29, 2022.
LG Uplus Corp. (KOSE:A032640) completed the acquisition of 5% stake in Obigo Inc. (KOSDAQ:A352910) for KRW 7.2 billion on September 30, 2022. Announcement • Sep 16
Obigo Inc. announced that it expects to receive KRW 7.2321 billion in funding from LG Uplus Corp. Obigo Inc. announced a private placement of 602,675 common shares at a price of KRW 12,000 per share for the gross proceeds of KRW 7,232,100,000? on September 15, 2022. The transaction includes participation from LG Uplus Corp. The transaction was approved by board of directors of the company. The transaction is expected to close on September 23, 2022.