Korea Stock Market Insights

Tag: SeeLAB

  • SEELAB (189330) Signs KRW 1 Billion AI GPU Appliance Supply Contract: Impact and Outlook


    SEELAB (189330) Signs KRW 1 Billion AI GPU Appliance Supply Contract: Impact and Outlook 대표 차트 이미지



    1. SEELAB’s KRW 1 Billion Contract: What Happened?

    On September 25, 2025, SEELAB finalized a KRW 1 billion AI GPU appliance supply contract with WiseNut. The contract period extends to May 29, 2026, spanning approximately eight months. This substantial deal, equivalent to 11.46% of SEELAB’s 2024 revenue (KRW 9.09 billion), marks a significant step in the company’s AI business expansion.

    2. Why is This Contract Important? Analyzing SEELAB’s Fundamentals

    This contract not only directly contributes to SEELAB’s revenue growth but also holds the potential for improved profitability. AI GPU appliances typically command higher margins compared to general IT solutions. Furthermore, the collaboration with WiseNut, a specialist in Natural Language Processing (NLP), strengthens SEELAB’s AI portfolio and opens doors for future synergies. However, considering SEELAB’s 2024 operating and net losses, sustained revenue growth and profitability remain crucial challenges.

    3. What’s the Market Outlook?

    The continued growth of the global AI market and increasing demand for AI GPUs create a favorable environment for SEELAB. However, high interest rates and exchange rate volatility pose investment risks. The potential for increased prices of imported GPUs and components could lead to cost pressures.

    4. Action Plan for Investors

    This contract is a positive signal, highlighting SEELAB’s growth potential. However, investors should carefully consider the risks, including short-term profitability uncertainty, financial health, and exchange rate fluctuations. Continuous monitoring of contract implementation, sales and profit margin trends, and overall AI market dynamics is essential for making informed investment decisions.



    Frequently Asked Questions

    What are SEELAB’s main businesses?

    SEELAB operates in Vision AI and Digital Twin solutions.

    What is the value of this contract?

    KRW 1 billion.

    Who is the counterparty to the contract?

    WiseNut.

    What does this contract mean for SEELAB?

    It is expected to positively impact revenue growth, strengthen the business portfolio, and enhance SEELAB’s position in the AI market. However, further analysis is needed to determine the extent of short-term profitability improvement, while financial health and exchange rate volatility remain risk factors.



    SEELAB (189330) Signs KRW 1 Billion AI GPU Appliance Supply Contract: Impact and Outlook 관련 이미지
    SEELAB (189330) Signs KRW 1 Billion AI GPU Appliance Supply Contract: Impact and Outlook 관련 이미지


  • SeeLAB Business Report Amendment: Enhanced Transparency or Fundamental Impact?

    What Happened? Analysis of the Business Report Amendment

    SeeLAB filed an amendment to supplement insufficient disclosure of contract-related information in its 2024 business report. It clarified the progress rate, contract amount, and payment amount of major contracts such as the NVIDIA Omniverse-based Digital Twin platform construction and added future plans. Importantly, there are no outstanding payments as of the end of 2024.

    Reasons and Background for the Amendment: Why Now?

    This amendment is interpreted as an effort to enhance transparency for investor protection. By clearly disclosing contract-related information, it appears to be intended to resolve information asymmetry and increase market confidence. It can also be expected to indirectly demonstrate the company’s project management capabilities and execution.

    Impact of the Amendment on SeeLAB

    This amendment does not directly affect the financial statements. However, it is positive in that it restores investor confidence by enhancing transparency and secures visibility into the possibility of future revenue generation. However, the continuing net loss and concerns about capital impairment remain challenges to be addressed. The key will be whether the disclosed contracts are implemented as planned and lead to improved profitability.

    Action Plan for Investors: What to Watch

    • Monitor the progress of major contracts: Continuously track the progress of disclosed contracts and see if they lead to actual sales and profit growth.
    • Focus on profitability improvement: Whether SeeLAB can improve its profitability, its biggest weakness, will be a key indicator for investment decisions.
    • Check financial soundness management: Continuously monitor the increasing debt ratio trend and efforts to manage the risk of capital impairment.
    What is the key content of SeeLAB’s business report amendment?

    It supplements insufficient disclosure of contract-related information. It clarifies details like the progress, amount, and payments received for contracts like the NVIDIA Omniverse project, and adds future plans.

    Will this amendment positively affect SeeLAB’s stock price?

    While it’s positive for transparency, a real stock price increase depends on accompanying improvements in financial health.

    What should investors pay attention to?

    Closely monitor the actual implementation of disclosed contracts and the possibility of profitability improvements.

  • SeeLAB Increases Stake After Rights Offering: Opportunity or Risk? (July 2025 Analysis)

    1. What Happened?

    On July 25, 2025, SeeLAB raised capital through a rights offering, increasing the stake of CEO Woo-Young Lee and other major shareholders. The stake increased from 45.60% to 48.32%. Notably, CEO Lee sold a portion of the newly acquired subscription warrants.

    2. Why the Rights Offering?

    SeeLAB faced a difficult situation in Q1 2025, with a sharp decline in sales (91% decrease) and continued operating losses. High R&D expenses and losses from investments in affiliated companies are cited as the main causes. In this context, the rights offering is analyzed as a move to secure funds for new business ventures (AI data center leasing and operation) and improve the financial structure.

    3. What’s Next?

    • Positive Effects: Securing funds for new business, demonstrating strong management commitment, short-term stock price boost
    • Negative Effects: Dilution of existing shareholders’ equity, unsustainable without performance improvement, increased investment uncertainty due to CEO Lee’s sale of subscription warrants

    External environmental variables (raw material prices, exchange rates, interest rates, gold prices, China Containerized Freight Index) can also impact SeeLAB’s future.

    4. What Should Investors Do?

    The short-term stock price outlook is highly uncertain. Investors should carefully monitor the success of SeeLAB’s new businesses and the impact of external environmental variables. For long-term investment considerations, it’s advisable to continuously check for information on the specific progress and profitability of the new businesses and make investment decisions cautiously.

    Frequently Asked Questions

    What are SeeLAB’s main businesses?

    SeeLAB is an AI company specializing in Vision AI and Digital Twin. They are planning to enter the AI data center leasing and operation business.

    How will this rights offering affect SeeLAB?

    On the positive side, it can contribute to securing funds for new business ventures and improving the financial structure. However, there is also a possibility of dilution of existing shareholders’ equity and increased short-term stock price volatility.

    What should investors be aware of?

    Investment decisions should be made cautiously, taking into account the success of new businesses, the impact of external environmental variables, and changes in management’s stake.