Tese

CEO Kim Chul Ho filed an amended major shareholding report following an on-market sale by a related party, with the reporting group's combined stake decreasing by 706 shares to 3,219,696 shares. Despite the share count reduction, the ownership ratio remains unchanged at 29.11% of the 11,061,429 voting shares outstanding. The number of related parties declined from 10 to 9, suggesting one related party exited the reporting group entirely. The stated purpose remains influence over management control, consistent with Kim's role as CEO. The transaction is immaterial in size and unlikely to signal any meaningful shift in insider sentiment or control structure.

Hyun Chang-hoon, a newly appointed non-registered Managing Director (appointed February 1, 2026), filed an initial insider ownership report disclosing the purchase of 500 common shares on May 8, 2026. The shares were acquired via open-market purchase at 168,800 KRW per share, representing a total transaction value of approximately 84.4 million KRW. The resulting ownership stake is negligible at 0.00% of the 11,061,429 total shares outstanding. As a small, initial filing by a newly-appointed executive rather than a major shareholder, this transaction carries minimal signaling value but indicates modest insider alignment with shareholders.