High Growth Tech Stocks To Watch In South Korea August 2024

Over the last 7 days, the South Korean market has remained flat, with the Financials sector gaining 5.6%, and overall market performance up 4.1% over the past year. As earnings are expected to grow by 29% per annum over the next few years, identifying high growth tech stocks can be crucial for capitalizing on this anticipated expansion in a stable market environment.

Top 10 High Growth Tech Companies In South Korea

Name	Revenue Growth	Earnings Growth	Growth Rating
Seojin SystemLtd	33.61%	52.05%	★★★★★★
IMLtd	20.76%	106.30%	★★★★★★
Bioneer	22.49%	89.69%	★★★★★★
ALTEOGEN	64.22%	99.46%	★★★★★★
NEXON Games	31.70%	66.31%	★★★★★★
FLITTO	32.07%	100.38%	★★★★★★
Devsisters	26.11%	65.92%	★★★★★★
AmosenseLtd	24.29%	55.45%	★★★★★★
Park Systems	22.50%	37.52%	★★★★★★
UTI	103.56%	122.67%	★★★★★★

Click here to see the full list of 52 stocks from our KRX High Growth Tech and AI Stocks screener.

Here's a peek at a few of the choices from the screener.

JNTC (KOSDAQ:A204270)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: JNTC Co., Ltd. provides connector, hinge, and tempered glass products in South Korea with a market cap of ₩1.04 trillion.

Operations: JNTC Co., Ltd. generates revenue primarily through the manufacturing and sales of mobile parts, totaling ₩393.20 billion.

JNTC, a notable player in the tech sector, has shown promising growth with earnings expected to rise 36.2% annually, outpacing the Korean market's 28.8%. The company's R&D expenditure stands at ₩17.1B ($13M), reflecting its commitment to innovation and product development. Despite a volatile share price over the past three months, JNTC's revenue is projected to grow at 17.1% per year, faster than the national average of 10.7%. This focus on R&D and robust earnings forecast positions JNTC well within South Korea’s high-growth tech landscape.

• Click here to discover the nuances of JNTC with our detailed analytical health report.

• Gain insights into JNTC's past trends and performance with our Past report.

Solum (KOSE:A248070)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Solum Co., Ltd. manufactures and markets power modules, digital tuners, and electronic shelf labels to customers in South Korea and internationally, with a market cap of ₩930.35 billion.

Operations: Solum Co., Ltd. generates revenue by producing and selling power modules, digital tuners, and electronic shelf labels to both domestic and international markets. The company has a market cap of ₩930.35 billion.

Solum's recent announcement of a ₩20B ($15M) share repurchase program aims to stabilize stock prices and enhance shareholder value. The company's R&D expenditure, which stands at ₩17.1B ($13M), underscores its commitment to innovation, particularly in the AI and software sectors. With projected earnings growth of 36.2% annually, Solum is positioned for robust expansion despite a past year negative earnings growth of 37.1%. Revenue is forecasted to grow at 14.3% per year, outpacing the Korean market average of 10.7%.

• Navigate through the intricacies of Solum with our comprehensive health report here.

• Review our historical performance report to gain insights into Solum's's past performance.

HYBE (KOSE:A352820)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: HYBE Co., Ltd. engages in music production, publishing, and artist development and management businesses with a market cap of ₩7.36 trillion.

Operations: HYBE generates revenue primarily from its Label segment (₩1.28 trillion) and Solution segment (₩1.24 trillion), with additional contributions from its Platform segment (₩361.12 billion).

HYBE's recent earnings report shows a mixed performance with sales increasing to ₩640.46B ($480M) from ₩620.99B ($465M) year-over-year, while net income dropped significantly to ₩14.59B ($10.93M) from ₩117.34B ($88M). Despite this, the company's R&D expenses of 14% of revenue underscore its commitment to innovation in AI and software sectors, positioning it for future growth with forecasted annual earnings growth of 42.5%. The entertainment industry context and HYBE's high-profile client base contribute positively to its market position.

• Delve into the full analysis health report here for a deeper understanding of HYBE.

• Examine HYBE's past performance report to understand how it has performed in the past.

Key Takeaways

• Unlock our comprehensive list of 52 KRX High Growth Tech and AI Stocks by clicking here.
• Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments.
• Streamline your investment strategy with Simply Wall St's app for free and benefit from extensive research on stocks across all corners of the world.

Want To Explore Some Alternatives?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
• Find companies with promising cash flow potential yet trading below their fair value.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com