New Risk • May 21
New major risk - Revenue and earnings growth Earnings have declined by 89% 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 89% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩40.3b market cap, or US$26.8m). Duyuru • Mar 05
Openknowl Co.,Ltd., Annual General Meeting, Mar 27, 2026 Openknowl Co.,Ltd., Annual General Meeting, Mar 27, 2026, at 11:00 Tokyo Standard Time. Location: conference room, 56, yangjae-daero 12-gil, seocho-gu, seoul South Korea Valuation Update With 7 Day Price Move • May 16
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩6,620, the stock trades at a trailing P/E ratio of 48.3x. Average trailing P/E is 12x in the Consumer Services industry in South Korea. Total returns to shareholders of 5.1% over the past year. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to ₩7,760, the stock trades at a trailing P/E ratio of 56.6x. Average trailing P/E is 11x in the Consumer Services industry in South Korea. Total returns to shareholders of 41% over the past year. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to ₩9,620, the stock trades at a trailing P/E ratio of 70.1x. Average trailing P/E is 10x in the Consumer Services industry in South Korea. Total returns to shareholders of 57% over the past year. New Risk • Mar 28
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.6% Last year net profit margin: 5.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.6% net profit margin). Market cap is less than US$100m (₩75.7b market cap, or US$51.6m). Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩7,900, the stock trades at a trailing P/E ratio of 45.5x. Average trailing P/E is 11x in the Consumer Services industry in South Korea. Total returns to shareholders of 11% over the past year. Duyuru • Mar 05
Openknowl Co.,Ltd., Annual General Meeting, Mar 28, 2025 Openknowl Co.,Ltd., Annual General Meeting, Mar 28, 2025, at 08:00 Tokyo Standard Time. Location: seminar room, 65, gwacheon-daero 7-gil, gyeonggi-do, gwacheon South Korea Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩8,850, the stock trades at a trailing P/E ratio of 50.9x. Average trailing P/E is 11x in the Consumer Services industry in South Korea. Total returns to shareholders of 5.4% over the past year. New Risk • Jan 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 13% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₩77.5b market cap, or US$53.9m). Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₩7,900, the stock trades at a trailing P/E ratio of 45.5x. Average trailing P/E is 10x in the Consumer Services industry in South Korea. Total loss to shareholders of 27% over the past year. New Risk • Dec 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (₩70.8b market cap, or US$49.3m). New Risk • Dec 11
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 11% 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 Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₩64.7b market cap, or US$45.2m). Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩5,080, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 11x in the Consumer Services industry in South Korea. Total loss to shareholders of 57% over the past year. Duyuru • Nov 12
Openknowl Co.,Ltd. (KOSDAQ:A440320) agreed to acquire 58.48% stake in Hyundai It Co. Ltd from Jang Je Man and Kim Jong Wook for KRW 15.0 billion. Openknowl Co.,Ltd. (KOSDAQ:A440320) agreed to acquire 58.48% stake in Hyundai It Co. Ltd from Jang Je Man and Kim Jong Wook for KRW 15.0 billion on November 11, 2024. A cash consideration of KRW 15 billion will be paid by Openknowl Co.,Ltd. As part of consideration, KRW 15 billion is paid towards common equity of Hyundai It Co. Ltd.
For the period ending December 31, 2023, Hyundai It Co. Ltd reported total revenue of KRW 44.94 billion and net income of KRW 1.91 billion. As of December 31, 2023, Hyundai It Co. Ltd reported total debt of KRW 8.99 billion, total assets of KRW 16.13 billion and total common equity of KRW 7.14 billion.
The expected completion of the transaction is November 11, 2024. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: ₩49.00 (vs ₩19.00 loss in 2Q 2023) Second quarter 2024 results: EPS: ₩49.00 (up from ₩19.00 loss in 2Q 2023). Revenue: ₩7.84b (up 37% from 2Q 2023). Net income: ₩472.9m (up ₩663.7m from 2Q 2023). Profit margin: 6.0% (up from net loss in 2Q 2023). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to ₩4,250, the stock trades at a trailing P/E ratio of 28.9x. Average trailing P/E is 10x in the Consumer Services industry in South Korea. Total loss to shareholders of 53% over the past year. New Risk • Jun 14
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 7.5% 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 Risk High level of non-cash earnings (53% accrual ratio). Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (₩67.7b market cap, or US$49.1m). Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩6,900, the stock trades at a trailing P/E ratio of 46.9x. Average trailing P/E is 11x in the Consumer Services industry in South Korea. New Risk • Nov 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 13% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Market cap is less than US$100m (₩78.6b market cap, or US$60.8m). 
