Korea Circuit

The company filed its FY2025 corporate governance report, disclosing compliance with only 5 of 15 key governance indicators (33.3% compliance rate). Notably, the internal audit body newly added an accounting/finance expert this period, marking an improvement from the prior year. The board remains 33.3% independent (one outside director), meeting the legal minimum but offering limited independent oversight. The largest shareholder group (Young Poong and 6 related parties) holds 52.90%, while minority shareholders hold 43.45%. Consolidated FY2025 results show a sharp turnaround, with operating profit of KRW 53.8 billion versus a KRW 33.2 billion loss in FY2024, and net income of KRW 53.8 billion versus a KRW 129.0 billion loss.

Korea Circuit filed its annual Young Poong group status disclosure, reporting FY2025 standalone revenue of KRW 862.98 billion, operating profit of KRW 53.10 billion, and net income of KRW 42.19 billion, with a debt-to-equity ratio of 120.24%. The board approved a series of significant actions over the past year, including a KRW 70 billion industrial facility loan from KDB, a capital increase for Vietnamese subsidiary Korea Circuit Vina, acquisition of additional Teranix shares, and a split-merger transaction. Notable governance changes include the reappointment of CEO Jang Se-jun (chairman) and the new appointments of outside director Jeong Jin-seop and auditor Kim Dae-jin in March 2026. The company also expanded its India operations through Joint Venture agreement amendments, OEM manufacturing contracts, and technology licensing arrangements approved in April 2026. The disclosure confirms ongoing capital investment activity and deepening cross-border expansion into India and Vietnam.

Korea Circuit filed its Q1 2026 quarterly report (55th fiscal year) covering January–March 2026. The company completed a merger with subsidiary Teranix on February 25, 2026, absorbing Teranix's PCB manufacturing operations into the parent; the surviving Teranix entity will pivot to real estate and factory-related services within the Young Poong Group. The consolidated scope covers 6 subsidiaries (2 listed, 4 unlisted), unchanged from the start of the period. Credit rating from E-Credible was upgraded to BBB- in April 2026 from BB+ a year earlier, signaling improved credit quality. Core business remains PCB manufacturing for mobile devices, memory modules, LCDs, and semiconductor packaging substrates, with overseas operations in Vietnam and the US.