1. What Happened? : Analysis of the Injunction Dismissal

On September 19, 2025, the injunction to prohibit the CCS shareholders’ meeting was dismissed. This means that the attempt to delay decision-making through the shareholders’ meeting during the management dispute has failed. In the short term, the legal obstacle to holding the shareholders’ meeting has been removed, but the management dispute itself has not been resolved.

2. Why Does it Matter? : Analysis of Fundamentals and Market Expectations

CCS has a relatively stable revenue structure with broadcasting, internet, and advertising sales, and is exploring new business ventures. However, it faces serious problems, including a management dispute, listing eligibility issues, and worsening operating losses. The market is focused on these negative factors, and concerns about the company’s future are high. The ‘CCC’ credit rating also amplifies investor anxiety.

3. What Will Happen? : Short-term and Mid- to Long-term Impact Analysis

In the short term, the dismissal of the injunction allows for the shareholders’ meeting, which could partially raise expectations for normalization of management. However, many challenges remain, including a fundamental resolution of the management dispute, listing eligibility issues, and deteriorating profitability. In the mid- to long-term, swift decision-making through the shareholders’ meeting is now possible, but without fundamental improvements, the positive effects will be limited.

4. What Should Investors Do? : Investment Strategy and Key Checkpoints

Investing in CCS requires caution. Don’t be fooled by short-term stock price fluctuations, and carefully observe whether fundamentals improve, listing maintenance is secured, and the management dispute is resolved. Future financial statements should be checked for signs of performance improvement, and changes in macroeconomic conditions should also be monitored.

  • Key Checkpoints:
  • Future earnings improvement
  • Risk of designated investment warning and delisting
  • Progress and results of the largest shareholder change approval and management dispute
  • Changes in macroeconomic indicators