Korea Stock Market Insights

Tag: Secondary Battery

KWANGMU (029480) Stock Holding Report: A Sign of Management Change? Investor Alert
On September 11, 2025, KWANGMU (029480) released a stock holding report, catching the attention of investors. What does Hans Ruce’s ‘management influence’ objective mean for KWANGMU’s future? This article analyzes the disclosure, examines KWANGMU’s business and financial status, forecasts its stock outlook, and provides key insights for investors.
What Happened?

Hans Ruce disclosed a change in KWANGMU’s stake from 5.74% to 5.72% on September 11, 2025, due to the termination of a joint holding agreement and subsequent market transactions. Notably, the stated objective of the holding is ‘management influence’.

About KWANGMU

KWANGMU operates in network/system integration, equipment leasing, semiconductor distribution, and secondary battery materials, which is its current focus. HYUPJIN became the largest shareholder in April 2025, increasing the potential for strategic shifts.

Why is this Disclosure Important?

The ‘management influence’ objective suggests potential management disputes, signaling possible changes in governance, business restructuring, and significant impacts on the company’s future. This disclosure is particularly noteworthy given the unstable management situation following the change in the largest shareholder.

Stock Outlook: What to Expect?
- Positive Factors: Growth potential of the secondary battery materials business and the new major shareholder’s management capabilities.
- Negative Factors: Continuous operating losses, unstable cash flow, and volatility related to financial assets and derivatives.
Investor Action Plan

Investors should focus on a long-term perspective, considering KWANGMU’s fundamentals, the performance of its secondary battery business, and the major shareholder’s management strategy. Risk management related to financial risks and market volatility is crucial.
Frequently Asked Questions (FAQ)

What are KWANGMU’s main businesses?
KWANGMU operates in network/system integration, equipment leasing, semiconductor distribution, and secondary battery materials.

How will this change in shareholding affect the stock price?
The short-term impact may be limited, but continuous monitoring is needed as it signals potential long-term management changes.

What should investors be aware of when investing in KWANGMU?
Investors should consider financial risks, market volatility, and uncertainties surrounding the secondary battery business.
09/11/2025
Taekwang (023160) IR Analysis: Can the 2nd Battery Business Drive a Turnaround?
On September 15, 2025, Taekwang (023160) will hold an investor relations (IR) session as part of the Korea Investment & Securities KIS Global Investors Conference 2025. With sluggish performance in the first half of 2025, this IR is a crucial opportunity for the company to address investor concerns and showcase its future growth potential. As their foray into the secondary battery business through a subsidiary gains attention, we will analyze the expected content of Taekwang’s IR and key takeaways for investors.
What to Expect from Taekwang’s (023160) IR?

Taekwang will hold its IR session on September 15th at 9:00 AM as part of the Korea Investment & Securities KIS Global Investors Conference 2025. The company plans to communicate its current status and future strategies to investors through presentations on management performance, business operations, and a Q&A session.

Key Investment Points
- Growth Potential of the 2nd Battery Business: Taekwang’s entry into the secondary battery market through its subsidiary, HYTC, is garnering significant attention as a new growth driver. The IR is expected to provide specific details on business performance and future strategies in this area.
- Competitive Edge in Core Business: Taekwang maintains a stable business foundation in the industrial piping materials market, leveraging its high level of technology and strong barriers to entry. Investors should pay close attention to their future order-winning strategies in relation to global plant industry trends.
- Financial Soundness: Taekwang’s low debt-to-equity ratio is a key strength. However, explanations regarding investment plans for performance improvement and funding strategies are also necessary.
- Response to Macroeconomic Factors: Given Taekwang’s high export ratio, strategies for navigating macroeconomic variables like exchange rate fluctuations are crucial investment considerations.
Investor Action Plan

Investors should re-evaluate their investment strategies based on the information presented in the IR. Focus on the following key areas:
Frequently Asked Questions

What is Taekwang’s main business?

Taekwang’s core business is manufacturing industrial piping materials and pipe fittings, supplying essential components to key industries such as plants, shipbuilding, petrochemicals, and power generation. They have recently expanded into the secondary battery business through a subsidiary.

What are the key topics of this IR?

The IR is expected to cover the 2025 half-year financial results and future business strategies, with a particular focus on details regarding their secondary battery business.

What are the key considerations when investing in Taekwang?

Investors should consider the risks associated with exchange rate fluctuations due to the company’s high export ratio, intensifying competition in the secondary battery market, and the potential for a global economic slowdown.
09/11/2025
Actro (290740) Stock Outlook: Is CEO Dong-gil Ha’s Increased Stake a Positive Sign?
Actro (290740), a camera module component company, has recently attracted investor attention as CEO Dong-gil Ha increased his stake in the company. Is this simply a change in ownership, or is it a significant signal suggesting Actro’s growth potential? This article thoroughly analyzes the background and implications of CEO Ha’s stake increase, Actro’s fundamentals, and future investment strategies.
1. What Happened at Actro?
On September 10, 2025, Actro CEO Dong-gil Ha announced an increase in his stake from 38.37% to 38.42%, a 0.05%p increase, through a regulatory filing. He acquired an additional 4,999 shares through on-market purchases between September 3rd and 8th. CEO Ha stated the purpose of this stake increase as “influencing management.”

2. Why Does the Stake Increase Matter?
A stake increase by a CEO with management control is generally interpreted as a positive sign, demonstrating commitment to the company and confidence in its long-term growth. Especially as Actro actively pursues new businesses such as secondary battery material coating equipment and terahertz wave inspection devices, the CEO’s stake increase can provide stability to investors.

3. What Kind of Company is Actro?
Actro specializes in camera module components (actuators) and automated equipment systems. The company continues its stable growth with the increasing demand for folded zoom actuators due to the expanding foldable phone market and the expansion of OIS features. Moreover, Actro is preparing to enter the secondary battery material coating equipment business, aiming for mass production in the first half of 2026, and is accelerating the development of terahertz wave inspection devices. As of the 2025 semi-annual report, Actro’s financial health is sound, with significant improvement in operating cash flow.

4. What Should Investors Do?
- Wait and See: The short-term impact of this stake change on the stock price is difficult to predict. It is advisable to make investment decisions after observing further stake purchases and market reactions.
- Check Fundamentals: Continuously monitor the growth of Actro’s core business and the progress of its new businesses.
- Consider Macroeconomic Factors: Pay attention to the impact of macroeconomic variables such as exchange rates, interest rates, and global economic conditions on Actro.
- Monitor Management-Related Information: Maintain continuous interest in announcements of further stake changes and news related to management rights.
FAQ
Will CEO Ha’s increased stake positively impact Actro’s stock price?
Generally, a stake increase by a CEO with management control can be interpreted as a positive signal, demonstrating commitment to the company and confidence in its growth. However, the impact on the stock price can vary depending on various factors, so careful judgment is required.

What is Actro’s core business?
Actro’s core business is camera module components (actuators) and automated equipment systems.

What are Actro’s new business ventures?
Actro is pursuing secondary battery material coating equipment and terahertz wave inspection device development as new business ventures.
09/11/2025
PEMTRON Investor Relations Analysis: Investment Opportunity or Red Flag?
PEMTRON held its Investor Relations (IR) session on September 10th. While PEMTRON boasts strong technological prowess as a leader in the SMT inspection equipment market, recent performance deterioration and financial instability are raising concerns. This IR session is expected to be a crucial turning point for PEMTRON’s future. This article analyzes the key takeaways from PEMTRON’s IR and highlights critical points for investors, providing crucial information to aid investment decisions.
1. PEMTRON IR: What Happened?

PEMTRON held an IR session on September 10, 2025, to enhance investor understanding and boost corporate value. The session covered the company’s general status, main business activities, followed by a Q&A.

2. PEMTRON: Opportunities and Risks

Positive Factors:
- Expanding market share and stable revenue generation in the SMT inspection equipment market
- High growth potential in semiconductor and secondary battery inspection equipment markets
- Strengthening competitiveness through AI technology integration
- Active R&D investments
Concerns:
- Significant net loss and deteriorating profitability
- High debt ratio and concerns about financial stability
- Potential stock dilution due to convertible bond issuance
- Increase in accounts receivable and inventory assets
3. PEMTRON’s Future Post-IR

Positive Scenario: If the IR successfully addresses investor concerns and convinces them of the growth potential, it can create upward momentum for the stock price. Presenting a concrete roadmap for financial improvement and new growth drivers is crucial.

Negative Scenario: If the company fails to adequately answer key questions or presents unrealistic plans, it may increase market distrust, leading to a decline in stock price.

4. Action Plan for Investors

Carefully analyze the IR materials and management responses to assess the likelihood of profitability improvement and plans for securing financial stability. This stock may be suitable for investors who are not swayed by short-term price fluctuations and have confidence in PEMTRON’s mid-to-long-term growth potential.
Frequently Asked Questions (FAQ)

What is PEMTRON’s main business?
PEMTRON develops and manufactures SMT (Surface Mount Technology) inspection equipment, semiconductor inspection equipment, and secondary battery inspection equipment. It holds the top domestic market share in SMT inspection equipment.

Why has PEMTRON’s recent performance been poor?
The company recorded a large net loss in the first half of 2025 due to macroeconomic factors such as the global economic slowdown, interest rate hikes, and increased investment in R&D.

Should I invest in PEMTRON?
PEMTRON is a company with both growth potential and risks. Before making an investment decision, carefully analyze the IR materials and consider your investment preferences.

What is the outlook for PEMTRON’s stock price?
Significant price volatility is expected due to various factors such as future performance improvements and changes in market conditions.
09/09/2025
CK Solution Secures $22M Contract with LG Energy Solution: Investment Analysis (September 2025)
CK Solution Wins Major Contract with LG Energy Solution!
On September 9, 2025, CK Solution announced a substantial $22 million contract with LG Energy Solution! This deal represents 10.11% of CK Solution’s revenue for the first half of 2025 and presents a promising opportunity to rebound from recent performance challenges. This article delves into the contract details, CK Solution’s fundamentals, market environment analysis, and key information for investors.
What Happened?
CK Solution secured a $22 million contract with LG Energy Solution Michigan, Inc. for the ESMIL BP2-1 NND+Cell+FA Line #2 UT+Process Installation project. The contract period is from September 8, 2025, to December 31, 2025 (3 months).
Why is this Contract Important?
This contract is expected to be a crucial catalyst for CK Solution’s recovery from its underperformance in the first half of 2025. Strengthening the partnership with a key client like LG Energy Solution increases the likelihood of future contracts and expands CK Solution’s experience in the US market, contributing to enhanced global competitiveness.
What’s Next?
In the short term, the $22 million contract is projected to boost CK Solution’s revenue and improve profitability. Furthermore, the reinforced collaboration with LG Energy Solution is anticipated to positively influence long-term growth drivers.
- Positives: Revenue growth, improved profitability, stronger partnership, enhanced US market presence.
- Risks: Short 3-month contract duration, contract execution risks, exchange rate fluctuations, potential slowdown in the battery market.
What Should Investors Do?
This contract is expected to improve investor sentiment towards CK Solution and provide upward momentum for the stock price. However, investment decisions should be made considering the short-term nature of the contract and uncertainties in the battery market. Continuous monitoring of contract execution, exchange rate fluctuations, and market conditions is crucial. It’s also important to observe the performance of new business segments and assess the long-term growth potential.
What are CK Solution’s main businesses?
CK Solution operates in various sectors, including secondary batteries, machinery, defense, environment, and information & communications. This contract is related to their secondary battery business.
What is the value of this contract?
$22 million, which represents 10.11% of CK Solution’s revenue for the first half of 2025.
Who is the counterparty to this contract?
LG Energy Solution Michigan, Inc., the US subsidiary of LG Energy Solution.
What is the contract duration?
From September 8, 2025, to December 31, 2025 (3 months).
09/08/2025
WCP (393890) Convertible Bond Issuance: Analyzing the Impact on Stock Price – ₩36B Funding vs. Share Dilution Risk
WCP Issues ₩36 Billion in Convertible Bonds: Opportunity or Crisis?

WCP (393890), a secondary battery separator company, has decided to issue ₩36 billion worth of convertible bonds. While this will help alleviate immediate financial concerns, it carries the potential risk of share dilution. How will this decision impact WCP’s future? This report analyzes WCP’s current situation, the implications of the convertible bond issuance, and key considerations for investors.
1. What Happened?: WCP Announces ₩36 Billion Convertible Bond Issuance

On September 8, 2025, WCP announced the issuance of ₩36 billion in convertible bonds. The conversion price is set at ₩7,396, significantly higher than the current stock price of ₩2,575. These funds are intended for operating expenses and repayment of short-term debt.

2. Why?: Deteriorating Performance and the Need for Funding

WCP recorded a sharp decline in sales and a substantial operating loss in the first half of 2025. The global slowdown in the electric vehicle market and intensifying competition are cited as the main causes. Continuing investments, including the expansion of its Hungarian plant, require significant funding. This poor performance raises concerns about WCP’s financial health. The convertible bond issuance appears to be a measure to address this funding shortage.

3. What’s Next?: Share Dilution Risk and Fundamental Improvement
- Potential Share Dilution: If the convertible bonds are converted into shares, the value of existing shareholders’ equity could be diluted. Given the considerable difference between the current stock price and the conversion price, the dilution could be substantial.
- Fundamental Improvement is Key: While the convertible bond issuance provides short-term funding, it is not a fundamental solution. Without improvement in performance and stabilization of the financial structure, stock price recovery will be difficult, and the risk of share dilution will increase.
4. Investor Action Plan: Proceed with Caution and Monitor Continuously

Investors should not be swayed by short-term stock price fluctuations and should closely monitor WCP’s fundamental improvements and the likelihood of convertible bond conversion. Caution is advised for investment at this time, and it is crucial to continuously monitor the company’s management strategy and changes in market conditions.
What are convertible bonds?

Convertible bonds are a type of bond that can be converted into shares of the issuing company’s stock after a certain period.

How does issuing convertible bonds affect stock prices?

In the short term, the influx of funds can have a positive impact on the stock price. However, in the long term, the dilution effect from share conversion can put downward pressure on the stock price.

Should I invest in WCP’s convertible bonds?

WCP is currently facing declining performance and financial instability. Investing in convertible bonds carries high risk, so careful investment decisions are necessary. Thoroughly review the company’s fundamentals before making any investment decisions.
09/08/2025
Justem IR: Return to Profitability and Future Growth Opportunities – Investment Analysis
Justem, a hidden champion in the semiconductor equipment market, held an Investor Relations (IR) session on September 10, 2025. Having returned to profitability in the first half of 2025, Justem is now focusing on securing future growth engines such as HBM and secondary batteries. What was announced during this IR, and what does it mean for investors? Check out Justem’s IR analysis and investment strategies now!
What was discussed at the Justem IR?

On September 10, 2025, at the Eugene Investment & Securities Online Corporate Day, Justem shared its current business status and future growth strategies. Key highlights include the return to profitability in the first half of 2025, robust sales of its 1st generation N₂ Purge System, market expansion of JFS products, and new investments in HBM, display, and secondary battery sectors.

Why is the return to profitability significant?

Through efficient cost management and strong sales of its core products, Justem achieved a return to profitability in the first half of 2025. This signifies more than just improved performance; it demonstrates the company’s resilience and ability to maintain stable growth amidst economic uncertainty. Improved financial health, including a decrease in debt ratio and positive operating cash flow, also sends a positive signal to investors.

What are the future growth drivers?
- HBM Market Leadership: Justem is developing hybrid bonding stack equipment in line with HBM market growth, striving to secure market leadership.
- New Business Expansion: Investment in new businesses such as high-vacuum static eliminators for displays and secondary battery manufacturing equipment promotes diversification and secures new growth engines.
- Subsidiary Flam: Business diversification through its subsidiary, Flam Co., Ltd., is expected to provide additional growth momentum.
What should investors do?

Justem’s IR provided an opportunity to confirm the company’s improved fundamentals and future growth potential. Entry into promising future industries like HBM and secondary batteries suggests high growth potential. However, continuous monitoring of external factors such as global economic volatility and exchange rate fluctuations is necessary. Before making investment decisions, consulting with experts and conducting further market analysis is recommended.
Frequently Asked Questions (FAQ)

What is Justem’s main business?

Justem mainly produces environmental control systems (N₂ Purge Systems) for semiconductor manufacturing equipment. Recently, they have been actively expanding into new businesses, such as developing equipment related to HBM, displays, and secondary batteries.

How was Justem’s performance in the first half of 2025?

Justem returned to profitability in the first half of 2025, showing a trend of improving profitability. Their financial health has also been assessed as improved.

What are the key points to consider when investing in Justem?

Potential risk factors to consider when investing in Justem include global economic volatility, exchange rate fluctuations, continued high interest rates, and intensifying competition. It is important to thoroughly review relevant information before making investment decisions.
09/05/2025
JO IR: Analyzing Turnaround Potential Amidst Secondary Battery Market Rebound Expectations
JO (418550), a secondary battery materials company, held an investor relations (IR) session on September 10, 2025. Having experienced poor performance in 2024 due to the downturn in the secondary battery market, can JO alleviate market concerns and seize the opportunity for a rebound through this IR? This article analyzes the key takeaways from the JO IR, market expectations, and crucial points for investors to consider.
What was discussed at the JO IR?
JO presented its current business status and future strategies during the IR session on September 10, 2025. Key highlights include:
- Analysis of 2024’s poor performance and improvement plans: JO explained the factors contributing to its decline, including the impact of the secondary battery market downturn and losses from the fair value evaluation of convertible bonds, and presented plans for future profitability improvement.
- CNT business growth strategy: JO emphasized the growth potential of its CNT business by announcing plans to expand production capacity through the expansion of its Ansan Plant 2 and secure single-walled CNT production plants.
- Progress of new business initiatives: JO shared the current status and future growth potential of its new businesses, including carbon nanotube fibers, sheets, and all-solid-state batteries.
- Mid- to long-term competitiveness reinforcement strategy: JO presented strategies for strengthening its competitiveness through increased R&D investment and strategic partnerships.
How did the market react to the IR announcements?
Market reactions to the IR announcements can be divided into positive and negative perspectives. Investors will closely analyze the specifics of the announcements, their feasibility, and whether they meet existing market expectations. The clarity of the explanation regarding the poor performance in 2024 and the feasibility of future growth strategies are expected to be key factors influencing market evaluation.
What should investors do now?
Investors should thoroughly analyze the contents of the IR presentation and continuously monitor future financial performance improvements, new business development progress, and changes in the external environment. Pay particular attention to the following:
- Objectively analyze the company’s strategies and financial situation through IR materials and disclosures.
- Continuously monitor external factors, such as secondary battery market trends and changes in the competitive landscape.
- Develop investment strategies from a long-term perspective without being swayed by short-term stock price fluctuations.
Frequently Asked Questions
What is JO’s main business?
JO manufactures carbon nanotube (CNT) conductive additives for secondary batteries and engages in plant engineering.
How was JO’s performance in 2024?
In 2024, JO experienced a decline in sales and a shift to operating and net losses due to the downturn in the secondary battery market.
What is JO’s future growth strategy?
JO plans to secure future growth engines by expanding production capacity in its CNT business, producing single-walled CNTs, and pursuing new businesses such as carbon nanotube fibers and sheets, and all-solid-state batteries.
09/04/2025
FINO INC. Secures KRW 10.8 Billion NCM Precursor Supply Contract with L&F: Impact on Stock Price?
FINO INC., a secondary battery materials company, has garnered market attention with a large-scale supply contract with L&F. While this contract is expected to contribute to FINO’s short-term earnings improvement, the long-term growth potential remains uncertain. This post examines the key details of the contract, its implications, and crucial considerations for investors.
FINO INC. Signs KRW 10.8 Billion NCM Precursor Supply Contract with L&F

FINO INC. announced that it has signed a KRW 10.8 billion supply contract for NCM precursors with L&F. The contract period is approximately two months, from September 7, 2025, to November 24, 2025, and the supply location is designated by L&F within Korea. This represents approximately 35% of FINO’s projected KRW 31.2 billion revenue for 2025.

Implications and Background of the Contract

This contract is expected to bring short-term revenue growth for FINO, which has recently recorded sluggish performance. Securing a high-quality customer like L&F is also positive as it enhances market confidence and increases the possibility of further orders. FINO has been focusing on its new energy business since the change in its largest shareholder, striving to secure growth engines, and this contract can be interpreted as one of the fruits of these efforts.

Investor Perspective: Opportunities and Risks

While this contract may provide short-term upward momentum for the stock price, investors should consider several risk factors. The short contract period of two months, continuous decline in profitability, and high debt ratio remain challenges to overcome. Therefore, it is essential to objectively assess the company’s fundamental improvements rather than being swayed by short-term stock price fluctuations.

Key Investment Points
- Possibility of securing additional long-term contracts with L&F
- Efforts to improve profitability and stabilize financial structure
- Continued growth potential of the new energy business segment
- Expansion and performance of R&D investment
Frequently Asked Questions (FAQ)

How much will this contract contribute to FINO’s profitability improvement?
While this contract can contribute to short-term sales growth, it is expected to be insufficient to reverse the current trend of declining profitability.

What is the outlook for FINO’s stock price?
It may have a positive impact in the short term, but the mid- to long-term stock price depends on the company’s fundamental improvement.

What are the precautions for investment?
Investments should be made cautiously, considering the limitations of short-term contracts, the need for profitability improvement, and the stability of the financial structure.
09/04/2025
Pino Secures KRW 6.1 Billion NCM Precursor Supply Contract with L&F: What’s Next for the Stock?
Pino in the Spotlight with a Major L&F Contract: Is it an Investment Opportunity?
Pino, focusing on its new energy business, has garnered market attention by securing a KRW 6.1 billion NCM precursor supply contract with L&F. Could this contract be a catalyst for a short-term rise in Pino’s stock price? This article provides investors with essential information by analyzing the contract’s significance, Pino’s financial status, and future prospects.
Pino Signs KRW 6.1 Billion NCM Precursor Supply Contract
Pino announced on September 4, 2025, that it had signed a KRW 6.1 billion NCM precursor supply contract with L&F. The contract period runs from August 28, 2025, to November 3, 2025, approximately two months. This represents about 5.99% of Pino’s first-half revenue in its 36th fiscal year, a substantial amount considering the short contract duration. Notably, the high percentage relative to sales (19.75%) highlights the contract’s significant importance to Pino.
The Contract’s Significance and Future Outlook
This contract holds significant implications for the expansion of Pino’s new energy business. Securing a major client like L&F strengthens Pino’s market position and increases the likelihood of winning additional contracts in the future. Moreover, it’s expected to contribute not only to short-term sales growth but also to stable long-term profit generation.
However, Pino still faces high debt-to-equity ratio and operating losses, and the sluggish performance of its existing business segments persists. Therefore, investors should not solely focus on the potential for short-term stock price increases but carefully evaluate the company’s long-term financial health and the possibility of a turnaround in its existing businesses.
Key Checkpoints for Investors
- Positive Factors: Increased sales in the new energy business, securing a major client, enhanced market competitiveness
- Negative Factors: High debt-to-equity ratio, continuous operating losses, sluggish performance of existing businesses
Pino’s future stock price is expected to fluctuate based on the contract’s fulfillment, securing additional contracts, and the company’s efforts to improve its financial structure. Investors should make cautious investment decisions by comprehensively considering these factors.
Frequently Asked Questions
How will this contract impact Pino’s financials?
While it is expected to contribute to sales growth in the short term, the long-term profitability improvement remains uncertain. Addressing the company’s financial health is crucial.
What is the outlook for Pino’s new energy business?
The outlook is positive, in line with the growth of the EV and ESS markets, but variables such as intensifying competition and technological changes should also be considered.
Should I invest in Pino?
While there’s potential for short-term stock price momentum, careful investment decisions are necessary, considering the financial risks and the sluggish performance of existing businesses.
09/04/2025