1. What Happened? – Background of the Divestment
In December 2022, Daol Investment & Securities announced its intention to sell its Thai subsidiary (DAOL Thailand). While specific terms were not disclosed, the decision was viewed as a strategic move to improve financial structure and focus on core businesses. However, as of September 2025, the sale has not been finalized.
2. Why Does it Matter? – Analyzing the Potential Impact
Positive Aspects
- • Improved financial structure and increased liquidity
- • Enhanced efficiency of the business portfolio
- • Potential for increased shareholder value
Negative Aspects
- • Uncertainty and delays impacting investor sentiment
- • Incurrence of divestment-related costs
- • Uncertainty surrounding the Thai subsidiary’s performance and valuation
3. What’s the Current Situation? – Financial Performance and Status
Daol Investment & Securities reported strong earnings improvement in H1 2025, with revenue of KRW 940.3 billion, operating profit of KRW 25.6 billion, and net income of KRW 31.9 billion. Growth in the financial investment business was particularly notable. The company maintains a solid capital adequacy ratio of 256.42%. However, the Thai subsidiary is facing profitability challenges due to the sluggish local market.
4. What’s Next? – Future Outlook and Investment Strategy
If the sale is successful: Potential for improved financial structure and new investment opportunities. However, investors should consider potential fluctuations in the sale value.
If the sale is delayed or fails: Potential negative impact on stock price and investor sentiment. The company needs to actively restructure its business and improve profitability.
Investor Action Plan
- • Continuously monitor official announcements and news related to the divestment.
- • Keep an eye on the company’s core business competitiveness and earnings improvement.
- • Pay attention to changes in the macroeconomic and industry environment.