Korea Stock Market Insights

Tag: Stock

Kolmar Holdings: Lawsuit Dismissed, What’s Next for Investors?
Kolmar Holdings Lawsuit Dismissed: What Does it Mean for Investors?

On September 25, 2025, a lawsuit against Kolmar Holdings was dismissed, capturing the attention of investors. This signifies more than just the end of legal proceedings; it can be interpreted as a positive sign, removing uncertainty surrounding the company’s future. This analysis delves into the background of the event, Kolmar Holdings’ fundamentals, financial indicators, and considerations for investors to aid in developing investment strategies.
1. What Happened? (Event Analysis)

The injunction filed by Mr. Yoon Dong-han (2025la144) was dismissed on September 25th at the plaintiff’s request. While market expectations remain unclear, the removal of legal uncertainty is generally viewed as a positive signal.

2. Why Does it Matter? (Impact Analysis)

The dismissal eliminates uncertainty surrounding business operations and can contribute to improving the company’s image. The plaintiff’s withdrawal suggests a change in their stance on the initial issues raised or the exploration of alternative solutions, potentially hinting at improved relations with management. However, the event itself does not directly impact the company’s financial status or business model.

3. What’s Kolmar Holdings’ Current Status? (Fundamentals & Financial Analysis)
- Corporate Governance: Previous corrections in business reports, including strengthened ESG management, detailed records of minority shareholder exercises, and additional details on key discussions at shareholder meetings, are interpreted as efforts to enhance corporate governance transparency and information disclosure.
- Financial Indicators: The projected recovery of sales and operating profit in 2024 and 2025 compared to 2023, particularly the significant improvement in net income and ROE, is positive. However, the increasing debt ratio and decreasing current ratio require ongoing monitoring of liquidity management.
- External Environment: The strong dollar and rising raw material prices can be positive for exporting companies but also pose a burden due to increased import costs. The trend of frozen interest rates can impact investment and financing environments.
4. What Should Investors Do? (Investment Strategy)

This event is expected to contribute indirectly to corporate value through the removal of uncertainty rather than directly impacting Kolmar Holdings’ fundamentals negatively. However, continuous monitoring is needed, considering future financial soundness management, global economic variable volatility, business competitiveness, and new business performance.

Key Checkpoints:
- • Analyze the underlying cause of the lawsuit dismissal.
- • Monitor Kolmar Holdings’ financial soundness and liquidity management strategies.
- • Understand the company’s response strategies to exchange rate and raw material price volatility.
- • Analyze the progress and performance of growth drivers and new businesses.
Disclaimer: This analysis is a subjective opinion based on the provided information. Actual investment decisions should be made carefully at the investor’s own discretion and responsibility.
Q: Will the dismissal of the lawsuit positively affect Kolmar Holdings’ stock price?

A: It is likely to have a positive impact in the short term. Removing legal uncertainty can improve investor sentiment. However, long-term stock price trends are determined by various factors such as company fundamentals, performance, and market conditions.

Q: How should investors formulate their investment strategy for Kolmar Holdings?

A: Investors should develop their investment strategy by comprehensively analyzing the company’s financial soundness, liquidity management, responses to exchange rate and raw material price volatility, and new business progress following this event.

Q: Why did Mr. Yoon Dong-han withdraw the lawsuit?

A: The exact reason has not been disclosed. Several possibilities include a change in stance on the initial issues raised, the pursuit of alternative solutions, or improved relations with management. Further information is needed.
09/25/2025
NJET (419080) Stock Forecast: CEO Byun Do-young’s Stake Sale – What Should Investors Do?
NJET: What Does the CEO’s Stake Sale Mean? Analysis and Strategies for Investors

On September 25, 2025, the announcement of NJET CEO Byun Do-young’s stake reduction caught the attention of investors. Is this stake change a simple sale, or does it hold a deeper meaning? This article provides a detailed analysis of NJET’s recent management situation, the background and impact of the stake change, and the actions investors should take.
1. What Happened? : NJET CEO Byun Do-young Reduces Stake by 2.4%

NJET CEO Byun Do-young announced on September 25, 2025, a 2.4% decrease in his stake, from 34.48% to 32.08%. The reasons for the decrease were cited as over-the-counter trading and gifts by related parties, resignation of executives, and exercise of stock options. While stating that the purpose of holding the shares remains ‘influencing management,’ the actual decrease raises several questions in the market.

2. Why is it Important? : Potential Management Changes and Deteriorating Market Sentiment

The CEO’s stake reduction suggests the possibility of management changes and could negatively impact investor sentiment. This, combined with NJET’s recent poor performance (decline in sales and net loss in the first half of 2025), could exacerbate downward pressure on the stock price. Furthermore, over-the-counter trading by related parties hints at the possibility of further stake changes, amplifying investor anxiety.

3. So What Will Happen? : Short-term Volatility Increase, Focus on Mid- to Long-term Fundamental Improvement

Increased stock price volatility is expected in the short term. Investors should carefully monitor the announcement details and market reactions. In the mid- to long term, NJET’s fundamental improvement will determine the stock price direction. Clear explanations from management and efforts to improve performance will play a crucial role in restoring market confidence.

4. What Should Investors Do? : Maintain a Wait-and-See Approach, Monitor Information Disclosure and Fundamentals
- Short-term Investors: Maintain a wait-and-see approach, explore technical rebound points in case of further decline.
- Mid- to Long-term Investors: Continuously monitor information disclosure related to stake changes, management communication, fundamental improvement, and re-evaluate valuation.
Frequently Asked Questions (FAQ)

How will CEO Byun Do-young’s stake sale affect NJET’s stock price?

In the short term, it is likely to put downward pressure on the stock price. However, the mid- to long-term impact will depend on NJET’s future performance and management strategy.

Should I invest in NJET?

Caution is advised at this point. It’s recommended to make investment decisions after confirming additional information disclosure and changes in fundamentals.

What is the outlook for NJET?

NJET has growth potential based on its unique EHD technology, but currently faces challenges such as poor performance and management uncertainty. The future outlook can vary significantly depending on management’s efforts and market conditions.
09/25/2025
Unison Selected for 6MW Wind Turbine National Project: What Does it Mean for Investors?
Unison Selected for 6MW Wind Turbine National Project: Is it an Investment Opportunity?
Unison has signed an agreement for a national project to develop 6MW onshore wind turbines. What does this news mean for investors? Is it simply a positive development, or are there hidden risks? This article thoroughly analyzes the implications of the national project selection, Unison’s current situation, and investment strategies to assist you in your investment decisions.
1. What Happened?
On September 25, 2025, Unison signed an agreement for a national project to develop and demonstrate 6MW onshore wind turbines. The project will last 48 months, with a total research budget of approximately KRW 34.2 billion. Unison aims to develop large-capacity onshore wind turbines suitable for Korea’s mountainous terrain and increase the domestic component ratio by utilizing local parts.
2. Why is it Important?
This national project selection represents a significant opportunity for Unison to strengthen its technological competitiveness and secure new growth engines. Successful development of the 6MW large-scale turbine will likely lead to its adoption as key equipment in future wind farm construction projects, resulting in long-term order expansion and sales growth. However, considering Unison’s current financial vulnerabilities (high net loss, low operating rate, credit rating downgrade, etc.), there is also a possibility of increased financial burden due to the project execution.
3. So, What Should You Do? Investment Strategy
Short-term investors should take a conservative approach. They need to closely monitor financial indicators and the progress of the national project. Mid-to-long-term investors should assess the likelihood of the national project’s success, commercialization prospects, financial restructuring efforts, and the renewable energy market and competitive landscape to make investment decisions.
- Short-term Investment (within 1 year): Monitor financial indicators and national project progress.
- Mid-to-long-term Investment (over 1 year): Analyze the likelihood of national project success, commercialization prospects, financial restructuring efforts, and market competition.
4. Conclusion
While this national project agreement is a positive sign for Unison, it will take time to overcome its financial difficulties and achieve tangible results. Investors should make informed investment decisions through a cautious approach and continuous monitoring.
Q: Will Unison’s selection for the 6MW wind turbine national project have a positive impact on its stock price?
A: It has the potential to positively influence stock price in the long term, but the possibility of increased financial burden in the short term should also be considered. A cautious approach to investment is necessary.
Q: What is Unison’s current financial status?
A: It is currently financially vulnerable, facing a net loss, low operating rate, and a credit rating downgrade. However, there is a possibility of a turnaround, and continuous monitoring of financial indicators is crucial.
Q: What factors should be considered before investing in Unison?
A: A comprehensive analysis of the likelihood of the national project’s success, commercialization prospects, financial restructuring efforts, the renewable energy market, and the competitive environment should be conducted.
09/25/2025
Western T&D Stock Forecast: Major Shareholder Divestment – Crisis or Opportunity? (September 2025 Analysis)
On September 25, 2025, Western T&D’s major shareholder, MYH, divested part of its stake. This news has caused some concern among investors. What does this divestment mean for the future of Western T&D? This analysis explores the background of this event, its market impact, and suggests action plans for investors.
1. What Happened? – Analysis of the Major Shareholder Divestment

MYH, the major shareholder of Western T&D, reduced its stake from 52.89% to 52.42%, a decrease of 0.47%, on September 25, 2025. This was a result of a combination of factors, including the rollover of secured loans, partial exchange of convertible bonds (EB), and on-market sales by LEE DIANE MIEHYE and Park Mi-yeong.

2. Why the Divestment? – Background and Market Impact

MYH’s divestment is likely due to a combination of financial reasons and potential shifts in individual investment strategies. The rollover of secured loans could indicate efforts to secure financial liquidity, while the EB exchange might be part of capital structure adjustments. The stock sales are likely based on the individual shareholders’ investment decisions. This divestment could negatively impact stock prices in the short term.

3. Western T&D’s Fundamentals – Positive and Negative Factors
- Positive Factors: Seoul Dragon City hotel operations, exclusive logistics facility operations, treasury stock cancellation.
- Negative Factors: Declining sales, increasing debt ratio, risks associated with interest rate and exchange rate fluctuations.
4. What’s Next? – Investor Action Plan

A conservative approach is recommended for investors at this time. Closely monitor MYH’s further stake changes, the company’s financial restructuring plans, and business outlook for the second half of 2025 and 2026. Pay close attention to macroeconomic factors such as interest rate fluctuations, exchange rate changes, and the recovery of the tourism industry. In the medium to long term, the key indicators for investment decisions will be the enhancement of the hotel business’s competitiveness, the growth of the logistics business, and the recovery of financial soundness.
Frequently Asked Questions (FAQ)

Will MYH’s stake sale affect Western T&D’s management control?

Currently, the possibility of a change in management control is low as MYH maintains its purpose of “influencing management.” However, further stake changes need to be closely monitored.

What is the status of Western T&D’s financials?

As of the first half of 2025, the company’s financial soundness has deteriorated, with an increasing debt ratio and declining sales. There are also concerns about the increasing burden of interest expenses in a high interest rate environment.

Should I invest in Western T&D?

A conservative investment approach is recommended at this time. It’s advisable to make investment decisions after carefully monitoring the company’s financial restructuring, core business competitiveness enhancement, and changes in the macroeconomic environment.
09/25/2025
LOTTE Fine Chemical Invests 127 Billion Won: Strengthening Green Materials Business with Hesellos Acquisition
LOTTE Fine Chemical is investing 127 billion won to acquire LOTTE Chemical’s Hesellos manufacturing facilities. This is not just a facility investment, but a key strategy to accelerate the growth of LOTTE Fine Chemical’s green materials business. We will analyze the background, prospects, and impact on investors of this investment in detail.
1. LOTTE Fine Chemical’s Hesellos Acquisition: What’s Happening?
LOTTE Fine Chemical will acquire LOTTE Chemical’s Yeosu plant Hesellos manufacturing facilities for 127 billion won by December 31, 2025. This represents 4.68% of LOTTE Fine Chemical’s assets and is a strategic investment to improve efficiency and reduce processing costs by directly operating the Hesellos plant.

2. Why the Hesellos Acquisition?
LOTTE Fine Chemical focuses on chemical and green materials businesses, and Hesellos is one of the key products in the green materials business. This acquisition aims to enhance production efficiency and cost competitiveness through vertical integration of the Hesellos business. LOTTE Fine Chemical’s operating profit slightly decreased in the first half of 2025 compared to the same period last year, and this investment is expected to improve profitability.

3. Impact of the Acquisition on LOTTE Fine Chemical
- Positive Impacts: Increased operating efficiency, cost reduction, strengthened competitiveness in the green materials business, synergy with LOTTE Chemical
- Negative Impacts: Short-term liquidity burden, facility operation risks
- Neutral Impacts: Macroeconomic variables such as exchange rates, interest rates, and raw material prices
Overall, positive impacts are expected to outweigh negative ones in the long term. However, continuous monitoring of facility operation and market conditions after the acquisition is necessary.

4. Investor Action Plan
Currently, no specific market expectations for this acquisition have been released. However, experts interpret it as a positive signal in the long term and recommend a ‘buy’ opinion. Investors should closely monitor the actual cost reduction effect, Hesellos business growth rate, and additional investment plans after the acquisition.
Frequently Asked Questions

What is Hesellos?

Hesselos is one of the core products of LOTTE Fine Chemical’s green materials business.

How will this investment affect LOTTE Fine Chemical’s stock price?

It may not have a significant impact in the short term, but it is expected to have a positive impact in the long term.

What are the key points to consider when investing?

Investors should continuously monitor post-acquisition facility operating efficiency, Hesellos business growth rate, and macroeconomic variables.
09/25/2025
DGP (060900) Convertible Bond Exercise Analysis: Opportunity or Risk? (September 2025)
DGP, Convertible Bond Exercise! Should I invest now?
DGP (060900) is exercising its convertible bonds. Is this news an opportunity or a risk for investors? While DGP is attracting attention along with the growth of the renewable energy market, there are also risk factors such as financial difficulties and litigation risks. In this article, we analyze the impact of DGP’s convertible bond exercise on stock prices and point out key considerations for investment. Check it out now!
DGP Convertible Bond Exercise, What Happened?
DGP is planning to issue 1,545,594 shares through the 33rd convertible bond exercise. This represents 5.91% of the market capitalization and is scheduled to be listed on October 20, 2025. Although the current stock price (KRW 1,693) is higher than the conversion price (KRW 1,294), a significant volume could be released into the market depending on future stock price fluctuations.
Investment Opportunity? What are the risk factors?
- Positive Factors:
- Negative Factors:
How will the convertible bond exercise affect the stock price?
The convertible bond exercise can lead to a stock dilution effect due to the increase in the number of shares. In particular, because the current stock price is higher than the conversion price, the possibility of selling pressure for profit-taking cannot be ruled out. In addition, the deterioration of the macroeconomic environment, such as interest rate hikes and exchange rate fluctuations, can also negatively affect DGP’s stock price.
What should investors do?
- Short-term investors: Carefully monitor market reactions and stock price trends before and after the listing of converted shares and approach with caution.
- Long-term investors: Continuously evaluate DGP’s new business performance, resolution of litigation and disclosure risks, and recovery of financial soundness.
FAQ
What are DGP’s main businesses?
DGP focuses on the renewable energy sector, specifically EV chargers, ESS, and green hydrogen projects.
How many shares will be issued through the convertible bond exercise?
1,545,594 shares.
What is the impact of the convertible bond exercise on the stock price?
It can cause a stock dilution effect due to the increase in the number of shares. There is also the possibility of profit-taking sales.
What are the key points to consider when investing in DGP?
Consider the continued decline in sales and operating losses, deteriorating financial soundness, and litigation risks. It is important to continuously monitor new business performance and financial structure improvement.
09/25/2025
STX Engine Stock Forecast: Opportunity or Crisis after UAMCO’s Stake Sale? (September 2025 Analysis)
UAMCO Corporate Rebound No. 8 Private Equity Fund, the largest shareholder of STX Engine, has sold a 2.49% stake. This news has caused confusion among investors and raised questions about the future stock price of STX Engine. Is this stake sale bad news, or is it a buying opportunity? In this post, we analyze STX Engine’s recent fundamentals, the background and impact of UAMCO’s stake sale, and suggest investment strategies.
1. What Happened? UAMCO Sells 2.49% Stake in STX Engine
On September 25, 2025, a public announcement revealed that UAMCO Corporate Rebound No. 8 Private Equity Fund, the largest shareholder of STX Engine, sold a 2.49% stake through after-hours trading. This reduced UAMCO’s stake in STX Engine from 64.17% to 61.68%.

2. Why the Sale? Background Analysis and Investor Sentiment
According to the announcement, the reason for the stake sale was ‘change in the number of shares held and ownership ratio,’ and the purpose of holding the shares is still stated as ‘influence on management rights.’ While portfolio adjustments are possible, investors are understandably sensitive to stake sales by major shareholders. The uncertainty surrounding potential further stake sales and the background of the sale can dampen investor sentiment.

3. STX Engine’s Current Status: Fundamental Analysis
Interestingly, STX Engine’s first-half 2025 earnings were quite positive. Sales increased by 12.76% year-on-year, and operating profit also improved significantly. The robust growth of the defense sector and investment in eco-friendly technologies stand out. However, the low operating rate in the commercial sector and exchange rate volatility remain risk factors.

4. So, What Should We Do? Investment Strategy Suggestions
In the short term, investors should be wary of increased stock price volatility. The sale of shares by a major shareholder can put downward pressure on the stock price. However, in the medium to long term, it’s necessary to pay attention to STX Engine’s growth potential. The commercialization of eco-friendly engine technology and the performance of the defense sector could be momentum for future stock price increases.
Investor Action Plan
- Short-term investors: Be cautious of increased volatility and prepare for potential short-term price drops.
- Mid- to long-term investors: Focus on growth momentum and fundamental improvements, and look for additional buying opportunities.
- All investors: Continuously monitor UAMCO’s potential further stake sales, exchange rate and interest rate fluctuations, and the recovery of the commercial sector.
FAQ
Why did UAMCO sell its stake in STX Engine?
The official reason is ‘change in the number of shares held and ownership ratio’. It could be a simple portfolio adjustment, but further information is needed to understand the exact background.
What is the future stock price outlook for STX Engine?
In the short term, volatility may increase due to the stake sale issue, but in the medium to long term, it is important to pay attention to positive fundamentals and growth momentum.
What should investors be aware of?
Investors should continuously monitor the possibility of further stake sales by UAMCO, exchange rate and interest rate fluctuations, and the recovery of the commercial sector.
09/25/2025
MAUM.AI Stock Forecast: CEO Taejun Yoo’s Stake Change – What Investors Need to Know (September 2025 Analysis)
MAUM.AI CEO’s Stake Change: Key Analysis for Investors
On September 25, 2025, a public announcement revealed a change in MAUM.AI CEO Taejun Yoo’s stake. This event sends a crucial signal to investors. This article analyzes the background of the stake change, its impact on the stock price, and suggests an action plan for investors. Find out now!
1. What Happened? : CEO Taejun Yoo’s Stake Change Announcement

On September 25, 2025, a public announcement revealed that MAUM.AI CEO Taejun Yoo’s stake decreased from 18.74% to 16.43%. This change is attributed to over-the-counter trading and the exercise of convertible bond rights, potentially impacting management control.

2. Why the Change? : Background Analysis

Over-the-counter selling by Mr. Byeonghee Son and the exercise of convertible bond rights are the main reasons for the stake change. The specific amount of shares sold directly by CEO Yoo has not been disclosed. The convertible bonds pose a potential for further stake dilution upon conversion to shares in the future.

3. What’s the Impact? : Stock Price and Business Impact Analysis
- Stock Price Impact: A decrease in major shareholder stake can put downward pressure on the stock price in the short term. Selling by a shareholder with management influence can negatively impact investor sentiment.
- Business Impact: While this stake change is unlikely to directly affect business strategy, caution is advised for investment decisions.
- Financial Impact: Although financial soundness improved as of the first half of 2025, the potential dilution from convertible bonds warrants continuous monitoring.
4. What Should Investors Do? : Action Plan
- Short-term Investors: Selling or waiting is recommended in preparation for the risk of a stock price decline. Closely monitor further stake changes by CEO Yoo and any related announcements.
- Long-term Investors: Re-evaluate MAUM.AI’s growth potential in the AI market, technological competitiveness, financial soundness, profitability improvement trends, impact of convertible bonds, and macroeconomic variables to establish an investment strategy.
FAQ

What is the reason for CEO Taejun Yoo’s stake change?

The stake change is due to over-the-counter trading and the exercise of convertible bond rights. The exact reason for the sale was not disclosed.

How will this stake change affect MAUM.AI’s stock price?

It is likely to put downward pressure on the stock price in the short term. The long-term impact will depend on the company’s fundamentals and business outlook.

How should investors respond?

Short-term investors should consider selling or waiting, while long-term investors should re-evaluate the company’s fundamentals and business outlook to formulate an investment strategy.
09/25/2025
TLB Stock Forecast: Mirae Asset’s Stake Change and Investment Strategies
Mirae Asset Management has decreased its stake in TLB (356860) from 5.19% to 3.91%. This news has investors on high alert. What impact will this stake change have on TLB’s future? This article analyzes TLB’s recent performance, growth potential, and the implications of Mirae Asset’s stake change to provide investment strategies.
What Happened?
On September 25, 2025, Mirae Asset Management reduced its stake in TLB to 3.91% by selling shares on the open market. While they stated the adjustment was for simple investment purposes, the possibility of profit-taking after the recent stock price surge cannot be ruled out.

Why Pay Attention to TLB?
TLB is considered a beneficiary of the growing AI and data center market. Specializing in manufacturing PCBs for memory semiconductors, the company is pursuing global competitiveness by investing in new technologies like CXL and SOCAMM, and expanding its production base in Vietnam. Its strong performance in the first half of 2025 demonstrates its growth momentum.
- Strong Performance: Achieved KRW 117 billion in sales and KRW 8.73 billion in operating profit in Q2 2025 (significant improvement YoY)
- Solid Financial Structure: Stable debt ratio of 76.30%, healthy current and quick ratios
- Future Growth Drivers: Expected to benefit from AI and data center market expansion, enhanced global competitiveness through Vietnam production base
Impact of Mirae Asset’s Stake Change
Mirae Asset’s stake reduction could put downward pressure on TLB’s stock price in the short term. However, considering TLB’s solid fundamentals and growth potential, the impact is expected to be minimal in the mid to long term.

What Should Investors Do?
- Stay Engaged: Continuously monitor TLB’s earnings announcements, new technology developments, and business progress
- Consider Dollar-Cost Averaging: DCA can mitigate short-term volatility risks
- Risk Management: Check the company’s strategies for managing financial risks such as increasing debt and exchange rate fluctuations
[Disclaimer] This content is not investment advice, and investment decisions are the sole responsibility of the investor.
FAQ

What is TLB’s main business?
TLB’s main business is manufacturing PCBs for memory semiconductors. They are also investing in new technologies like CXL and SOCAMM, and expanding their overseas production to address the growth in the AI and data center markets.

What was the reason for Mirae Asset Management’s stake change?
Mirae Asset Management announced that the stake change was for simple investment purposes. Through on-market buying and selling, their stake decreased from 5.19% to 3.91%.

What are some investment strategies for TLB?
Investors should continuously monitor TLB’s earnings announcements, new technology developments, and business progress. Dollar-cost averaging can be considered to reduce short-term volatility risks. It’s also crucial to check the company’s strategies for managing financial risks, including increasing debt and exchange rate fluctuations.
09/25/2025
TF Holdings Stock Outlook: Mirae Asset’s Increased Stake, A Sign of Stronger Fundamentals?
Mirae Asset Management has increased its stake in TF Holdings. While categorized as a simple investment, the market interprets this move as a positive signal for TF’s growth potential. With a strong performance in the first half of 2025, was Mirae Asset’s decision a smart one? This article delves into TF Holdings’ fundamentals, the implications of Mirae Asset’s increased stake, and key points for investors to consider.
Mirae Asset Management Acquires 5.27% Stake in TF Holdings

Mirae Asset Management announced on September 25, 2025, that it had increased its stake in TF Holdings from 4.94% to 5.27%, a 0.33%p increase. This resulted from the acquisition of an additional 37,823 shares on September 22nd through on-market purchases. Mirae Asset stated that the stake increase was for simple investment purposes.

TF Holdings on a Growth Trajectory with Robust Fundamentals

TF Holdings demonstrated strong growth in the first half of 2025, recording sales of KRW 47,073 million (a 32% YoY increase), operating profit of KRW 6,896 million (a significant YoY improvement), and an operating profit margin of 14.65%. Domestic sales growth was particularly notable, driven by the recovery of the domestic semiconductor market and increased demand from key client ‘A’. Financial soundness is also healthy, with a significant improvement in operating cash flow.

Mirae Asset’s Stake Increase: A Positive Signal for TF Holdings Stock?

Mirae Asset’s increased stake is interpreted as reflecting positive market expectations for TF Holdings’ growth potential. Increased institutional investor interest could lead to further buying, creating upward momentum for the stock price. Investment from a large institution like Mirae Asset can send a strong positive signal to the market.

Investment Considerations
- Customer Concentration Risk: High reliance on client ‘A’ makes TF Holdings susceptible to demand fluctuations from this client.
- Exchange Rate Volatility: Performance can be affected by fluctuations in USD and JPY exchange rates.
- Convertible Bonds: Potential for future stock dilution exists.
Action Plan for Investors
- Continuously monitor Mirae Asset Management for any further stake changes.
- Analyze client ‘A’s’ investment plans and strategic changes within the semiconductor market.
- Observe TF Holdings’ efforts to expand exports and manage exchange rate volatility.
- Assess the likelihood of convertible bond conversion and its potential stock dilution effect.
FAQ

What does TF Holdings do?
TF Holdings manufactures COK, Test Board, and Test Socket, which are essential components for the semiconductor testing process. They are the only company in Korea supplying all three of these key testing resources.
Why did Mirae Asset Management invest in TF Holdings?
Officially, the investment was stated as being for ‘simple investment’ purposes. It’s likely they have a positive outlook on TF Holdings’ growth potential.
What are the key investment considerations for TF Holdings?
Investors should consider the high revenue dependence on a single client, exchange rate volatility, and the potential for stock dilution from convertible bonds.
09/25/2025