1. The Embezzlement Scandal: 14.3 Billion Won and Trading Suspension

On August 13, 2025, allegations of embezzlement and breach of trust amounting to 14.3 billion won by a former RF Semi executive came to light. This is a substantial amount, equivalent to 109.52% of the company’s capital, dealing a critical blow to the company. Consequently, trading of the company’s stock has been suspended, and the possibility of delisting is now being discussed.

2. The Fallout: Delisting Risk and Deteriorating Investor Sentiment

This incident goes beyond mere financial loss; it has severely damaged the company’s credibility and management transparency. Already facing the risk of delisting due to issues such as dishonest disclosure, the embezzlement scandal has dealt a fatal blow to RF Semi. Investor anxiety is at its peak, and a significant drop in stock price is anticipated upon the resumption of trading.

3. Q1 Profits Rendered Meaningless: Embezzlement Overshadows Performance Improvement

RF Semi successfully turned a profit in both operating income and net income in Q1 2025. However, this positive momentum has been completely overshadowed by the embezzlement incident. The significance of the profit turnaround has faded, and the company’s future remains uncertain.

4. Investor Action Plan: Avoid Investment, Closely Monitor the Situation

Investment in RF Semi is strongly discouraged at this time. Investors should closely monitor the progress of the embezzlement case and the delisting decision, while also preparing for the possibility of further negative developments. It is crucial for investors to understand that they face a very high risk of losing their entire investment.