DART · material KR
Last scan 2026-09-21 15:34 KST · RSS n=50 · 1 new keep · last_seen→20260921000208 @15:31 KST · keep Fine D&C 049120 mixed 8%+ / p≈45% (₩13bn 13th private CB; conversion ₩2,990 / 25.52%; pay-in 29 Sep); dropped Hanwha Ocean VLCC end-date correction (known 2024-07-01 deal), Satrec I AGM notice, Hanwha Momentum chaebol-status correction, broker prospectus/issuance and unlisted securitization filings
mixed 8%+Fine D&C 049120 · KOSDAQ · 2026-09-21 15:31 KST · p≈45%
₩13bn 13th private CB (0%/3% YTM); conversion ₩2,990 / 4.35m shares = 25.52%; pay-in 29 Sep
2026-09-21 15:31 KST: Fine D&C (파인디앤씨, 049120, KOSDAQ) decided a 13th unsecured private convertible bond with face ₩13,000,000,000 (=₩13.0bn / 130억). Coupon 0.0%, maturity yield 3.0%, maturity 2029-09-29 (repay at 109.3806% of face if unconverted). Conversion price ₩2,990; shares on full conversion 4,347,826 (25.52% of the filing share base that already includes current 10,601,663 shares, a 2,086,957-share rights placement paid 2026-09-15 and listing 2026-10-02, plus the conversion shares). Conversion window 2027-09-29 to 2029-08-29. Refix every 7 months with a floor of ₩2,500 (70% of issue conversion price). Put from month 18 every 3 months; issuer/designee call capped at 30% of each holder. Use of proceeds: ₩5,000,000,000 facility capex and ₩8,000,000,000 to buy other-corporation securities. Subscription/pay-in 2026-09-29. Board 2026-09-21. DART viewer rcpNo 20260921000198 / dcmNo 11586738 matches Fine D&C. Live at enrich (Naver 049120): ₩2,765 (prev ₩2,890, −4.33%; open/high ₩3,000; low ₩2,700); session volume 17,921; mcap ≈ ₩29.3bn (293억). Face/mcap ≈ 44%; conversion price is ~8% above the enrich print.
What: Fine D&C will issue a ₩13bn zero-coupon private CB due Sep 2029 that can convert into 4.35m shares (25.52% of the filing base) at ₩2,990, with a 70% refix floor at ₩2,500, after a one-year conversion lock; ₩5bn is for facilities and ₩8bn to buy other-corp securities, with cash due 29 Sep. Why mixed: ₩13bn of near-term cash (~44% of the ₩29.3bn mcap) funds real facility/securities spending, but the same instrument plants a 25%+ conversion overhang plus periodic down-refixes and a put — classic microcap cash-versus-dilution tension rather than a clean buyback or a clean toxic dump. Why 8%+ (not 3-8%/1-3%): face is ~44% of mcap on a thin KOSDAQ name (session ADV only ~18k shares / ₩51m), so either the cash or the overhang can move the stock a shock-sized band; NBR/Innotena-class mixed CB still gets an 8%+ volatility band when face/mcap is this large. Why p≈45%: the RSS stamp was 15:31 KST, after the 15:30 cash close, so the overnight-to-open window is unused; the day’s −4.33% print predates the filing and is not CB leftover. Mixed two-way risk plus the OTM strike and one-year conversion lock cut odds below a one-sided overnight shock.
Why direction: Near-term ₩13bn cash (~44% of mcap) versus 25%+ conversion overhang with 70% refix and put — two-sided, so mixed. Why magnitude: Face ≈44% of a ₩29.3bn mcap and thin ADV justify an 8%+ volatility band even with conversion locked for a year. Why probability: After-close 15:31 KST stamp leaves a clean overnight window, but mixed OTM CB with a 1-year lock haircuts odds to ~45%.
DART
down 8%+Sangji Construction 042940 · KOSDAQ · 2026-09-21 15:07 KST · p≈60%
Rights offering price reset: ₩5,000 expected price vs ₩8,520; 2.2m new shares for ₩11bn operating funds
2026-09-21 15:07 KST: Sangji Construction (042940, KOSDAQ) filed a correction to its 2026-05-08 rights offering. The expected common-share issue price was reset from ₩8,520 to ₩5,000; planned proceeds fell from ₩18,744,000,000 to ₩11,000,000,000. The offer remains 2,200,000 new shares against 6,828,712 pre-issue shares (32.22% gross increase; 0.3224838999 share per existing share), with a 20% discount methodology, record date 2026-09-23, payment 2026-11-10 and listing planned 2026-11-20. The DART viewer rcpNo 20260921000184 / dcmNo 11586681 matches Sangji Construction.
What: Sangji Construction cut the expected rights-offering price 41.3% to ₩5,000 and revised planned operating-fund proceeds to ₩11bn, while still issuing 2.2m shares equal to 32.22% of the pre-issue base. Why down: the lower reset signals weaker pricing and forces substantial dilution at a 20% discount; the cash is not due until November. Why 8%+ (not 3-8%/1-3%): a 32.22% share-count increase plus a large issue-price reset is a shock-sized dilution event for a small KOSDAQ name, even though the offering was originally disclosed in May. Why p≈60%: the new correction stamped at 15:07 KST leaves only a few cash minutes and an overnight confirmation window, but the known offering and later payment date reduce unused same-session certainty.
Why direction: Expected price cut plus 32.22% new-share dilution is decisively negative; proceeds are delayed until November. Why magnitude: 2.2m new shares versus 6.829m outstanding and a 41.3% price reset justify the 8%+ shock band on a small KOSDAQ name. Why probability: Fresh 15:07 KST correction leaves a short cash window and overnight repricing, but the May-known deal and later payment date haircut odds to ~60%.
DART
down 8%+Daeyang Metals 009190 · KOSPI · 2026-09-21 15:04 KST · p≈70%
Creditor bankruptcy-application rumor triggers KRX trading halt; response due 22 Sep 18:00
2026-09-21 15:04 KST: Daeyang Metals (009190, KOSPI) received a KRX inquiry asking it to respond to a rumor of a creditor-filed bankruptcy application, with a response deadline of 2026-09-22 18:00 KST. Companion DART rcpNo 20260921800269 / dcmNo 11586590 records a trading halt from 15:04 KST for the same rumor, with no release time yet. The DART viewer confirms both reports name Daeyang Metals.
What: KRX halted Daeyang Metals after a formal inquiry into a creditor bankruptcy-application rumor; the company has until 18:00 KST on 22 September to answer, and the rumor is not yet confirmed by the filing. Why down: an insolvency/liquidity rumor plus a halt creates immediate default and recovery-value risk and removes normal price discovery. Why 8%+ (not 3-8%/1-3%): bankruptcy-risk headlines with a trading halt are credit-event shock class, not an ordinary operating miss; confirmation or denial can gap the stock when trading resumes. Why p≈70%: the 15:04 stamp leaves the name halted into the close and creates a real overnight confirmation clock, while the unconfirmed rumor prevents a higher certainty score.
Why direction: A creditor-bankruptcy rumor and trading halt force an insolvency/liquidity-risk repricing; confirmation remains pending. Why magnitude: Halt plus potential bankruptcy is a credit-event shock class, supporting 8%+ rather than a routine operating band. Why probability: The stock is halted from 15:04 KST with a 22 Sep 18:00 response deadline, creating a real overnight window; unconfirmed status limits odds to ~70%.
DART; companion halt rcpNo 20260921800269
up 8%+Inventera 0007J0 · KOSDAQ · 2026-09-21 15:02 KST · p≈45%
Phase 3 INV-002 imaging trial met all primary endpoints; NDA planned
2026-09-21 15:02 KST: Inventera (0007J0, KOSDAQ) received the final clinical-study report for its domestic phase 3 INV-002 (NEMO-103) MR arthrography contrast agent trial. The study enrolled 85 patients; compared with non-contrast MRI, mean improvements at 30–60 minutes were 1.6±0.67 for distension, 1.1±0.26 for contrast and 1.1±0.50 for sharpness, with p<0.0001 for all three primary measures. The company says the primary efficacy objective was achieved and plans to file a New Drug Application with MFDS. The DART viewer rcpNo 20260921900258 / dcmNo 11586669 matches Inventera.
What: Inventera reported a successful phase 3 result for INV-002, with statistically significant improvement across all three primary imaging-quality endpoints and an NDA planned. Why up: a clean primary-endpoint win materially reduces clinical risk and opens the regulatory-commercial path for a newly listed biotech. Why 8%+ (not 3-8%/1-3%): a binary phase 3 success across every primary measure is a biotech shock catalyst, not a routine product update; the NDA is the next confirmation step. Why p≈45%: the DART stamp was 15:02 KST near the close, but delayed data just before the stamp showed ₩9,900 versus ₩10,150 (−2.46%) and no post-stamp bar was available, so the fresh event has upside shock potential but a material tape-information haircut.
Why direction: All three primary phase 3 endpoints were statistically significant and the company plans an NDA, reducing clinical risk — up. Why magnitude: A clean phase 3 primary-endpoint win in a newly listed biotech is an 8%+ binary catalyst, not a small operating update. Why probability: Fresh 15:02 KST stamp leaves a short reaction window, but pre-stamp delayed tape was −2.46% with no post-stamp bar; haircut to ~45%.
DART
up 3-8%JNTC (제이앤티씨) 204270 · KOSDAQ · 2026-09-21 14:29 KST · p≈18%
₩347bn Gimcheon plant for TGV glass-substrate capacity (140% of equity; spend 2027–mid-2030)
2026-09-21 14:29 KST: JNTC Co., Ltd. (제이앤티씨, 204270, KOSDAQ) — new facility investment (new plant). Investment amount ₩347,000,000,000 (=₩347bn / 3,470억). Equity capital ₩247,710,098,976 (=₩247.7bn); investment = 140.08% of equity. Large-corp flag: KOSDAQ-listed. Purpose: expand TGV glass-substrate production capacity and secure production capability for mid/long-term global customer demand. Period: 2027-01-01 start to 2030-06-30 end. Board 2026-09-21 (1 outside director present, 0 absent; auditor attended). Location: Gimcheon industrial complex, Gyeongsangbuk-do (~30,000 pyeong). Funding: company cash plus external financing; amount includes land, building, equipment and machinery and may change through 2030 over ~4 years as the plan executes. rcpNo 20260921900243 / dcmNo 11586358 confirmed on DART HTML viewer (company name matches). Live at enrich (Naver 204270): ₩25,100 (prev ₩23,550, +6.58%; session high ₩26,200 = +11.3% vs prev; low ₩23,900); session volume ~2,491,187; mcap ≈ ₩1,452,000,000,000 (~₩1,452.0bn / 14,520억). Capex/mcap ≈ 23.9%.
What: JNTC’s board approved a ₩347bn greenfield plant (~140% of equity, ~24% of the ~₩1.45tn mcap) in Gimcheon to expand TGV glass-substrate capacity for global customers, with spend planned from Jan 2027 through mid-2030 and funding from own cash plus external capital. Why up: TGV glass substrate is a growth/capacity story tied to advanced packaging demand — committing a multi-hundred-billion-won plant is a clear expansion signal versus staying capacity-constrained, and the tape is treating it as a positive re-rate catalyst. Why 3-8% (not 1-3%/8%+): face clears a mid-single band vs ~₩1.45tn mcap (~24%) and 140% of book equity, but cash does not hit until 2027 and runs to 2030 with external financing planned, so refuse an 8%+ same-session shock class reserved for micro-float events; also refuse 1-3% because thematic TGV capacity on a liquid KOSDAQ name routinely clears mid-singles when the stamp is fresh. Why p≈18%: DART stamped mid-session Mon 14:29; live is already +6.6% with high +11.3% — the usable band is largely voted, so leftover into the close is modest fade-or-hold, not unused full-band alpha.
Why direction: Direction and mechanism are stated in the interpretation above. Why magnitude: Magnitude band follows the stated size, cash timing and tape overlay. Why probability: Probability is the remaining reaction window after the live-tape haircut.
DART
mixed 3-8%Mobile Appliance (모바일어플라이언스) 087260 · KOSDAQ · 2026-09-21 14:03 KST · p≈40%
Control-fight EGM petition — shareholder Lee Jae-shin seeks court leave to oust CEO Shin Wook-ho slate
2026-09-21 14:03 KST: Mobile Appliance, Inc. (모바일어플라이언스, 087260, KOSDAQ) — filing/application of lawsuit (management-control dispute) / petition for permission to convene a shareholders' meeting. Case name: permission to convene extraordinary shareholders' meeting (주주총회소집허가). Case no. 2026비합10045. Court: Suwon District Court Anyang Branch. Applicant/plaintiff: Lee Jae-shin (이재신). Relief sought: (1) permit an EGM of the company with the agendas in the annex; (2) name Lee Jae-shin (b. 1962-08-09) temporary chair of that EGM; (3) applicant's costs borne by the company. Annex agendas: Item 1 temporary chair Lee Jae-shin; Item 2 remove sitting officers — inside director Shin Wook-ho (신욱호, also listed CEO on DART corp card), outside directors Shin Jae-hak and Yoo Chang-hoon, auditor Kim Dong-ryul; Item 3 appoint replacement slate — inside directors Lee Jae-shin, Lee Myung-soon, Song Se-young, Choi Jeong-rok; outside directors Lee Jae-min, Lee Jae-ho; auditor Kim Tae-hoon; Item 4 candidate list. Company response: will respond through legal process. Application lodged 2026-09-11; company confirmation date 2026-09-21. No related prior DART listed on the form. rcpNo 20260921900209 / dcmNo 11586330 confirmed on DART HTML viewer (company name matches; stock code 087260 from DART corp popup). Live at enrich (Yahoo 087260.KQ): ₩247 (prev ₩247, 0.0%; Yahoo 1d chart volume 0 / no 1m bars — extremely thin tape).
What: Shareholder Lee Jae-shin asked the Anyang branch court (case 2026비합10045, filed 2026-09-11) for leave to call an EGM that would remove CEO/inside director Shin Wook-ho and three other officers and install Lee's seven-person slate; the company confirmed the petition on DART today. Why mixed: a live board/control contest is two-sided — challenger win would reset governance, but court leave is not yet granted, the company says it will defend, and litigation overhang cuts both ways with no cash event. Why 3-8% (not 1-3%/8%+): control-fight stamps on thin KOSDAQ software names routinely whip mid-single digits when the wire hits; refuse 8%+ because this is a petition for permission (not a granted EGM or completed board flip) and the application is already 10 days old. Why p≈40%: DART stamp mid-session Mon 14:03 with live flat at ₩247 / reported volume 0 — unused volatility into the close exists on a micro ADV book, but the Sep-11 filing date haircuts leftover vs a same-day surprise.
Why direction: Contested board fight via court EGM petition — challenger reset vs defend/overhang; no cash — mixed. Why magnitude: Thin KOSDAQ control wire often 3-8%; not 8%+ because leave not granted and petition is 10 days old. Why probability: Live flat / near-zero volume at enrich → some unused whip left; Sep-11 age cuts leftover to ~40%.
DART
up 8%+KIE (케이아이이) 009140 · KOSPI · 2026-09-21 13:16 KST · p≈55%
Already-held treasury cancel 256,665 sh (~16.3% of listed) — book ₩4.38bn; KRX halt 13:16–13:46 for cancel ≥10%
2026-09-21 13:16 KST: KIE Co., Ltd. (케이아이이, 009140, KOSPI) — stock cancellation decision. Common shares to cancel: 256,665; listed common before cancel: 1,570,797; after cancel 1,314,132. Par ₩5,000. Cancel book value ₩4,380,750,203 (=₩4.38bn / 43.8억). Method: already-held treasury (기취득 자기주식); no new buy window. Cancel scheduled date 2026-09-30 (may move on regulator talks). Board 2026-09-21. Purpose: cancel treasury under Commercial Act Art. 343(1); issued share count falls, capital stock unchanged. This filing substitutes for a treasury-disposition disclosure. Companion halt notice rcpNo 20260921800192 / dcmNo 11586282: trading halt 2026-09-21 13:16–13:46 KST for stock cancel ≥10% (KOSPI disclosure rule Art. 40). rcpNo 20260921800183 / dcmNo 11586284 confirmed on DART HTML viewer (company name matches). Live at enrich (Naver 009140): ₩21,900 (prev ₩22,300, −1.79%; session high ₩22,300 = 0% vs prev; open ₩22,300; low ₩21,650); listed 1,570,797; mcap ≈ ₩34,400,454,300 (~₩34.4bn / 344억); session volume ~1,162 shares. Cancel sleeve ≈ 16.34% of shares / book ≈ 12.7% of that mcap.
What: KIE will cancel 256,665 already-held treasury shares (~16.3% of the 1,570,797 listed) on 2026-09-30 for book value ₩4.38bn; capital stock is unchanged, and KRX halted the name 13:16–13:46 for a ≥10% cancel. Why up: permanent float shrink of ~16% on a ~₩34bn microcap with no new cash leaving (already held) is a classic PlumbFast/Sammok float event — mechanical share-count cut into a thin ADV book. Why 8%+ (not 3-8%/1-3%): cancel sleeve is ~16% of shares on a ~₩34bn name with session ADV only ~1.2k shares — PlumbFast (~18% cancel) / Sammok thin-name class expects auction/resume shock past a mid-cap 3-8% ceiling; book/mcap ~13% is secondary to the float math. Why p≈55%: DART stamped mid-session Mon 13:16 into a scheduled halt through 13:46; live is only −1.79% with high flat at the open — unused band into the 13:46 single-price resume is the product, not a post-spike leftover.
Why direction: Already-held treasury cancel permanently cuts float ~16% with no new cash out — up. Why magnitude: ~16% of shares on ~₩34bn / ~1.2k ADV → PlumbFast/Sammok 8%+; refuse mid-cap 3-8% ceiling. Why probability: Still in/into 13:16–13:46 halt; live −1.79%/high flat → leftover p≈55% into resume.
DART; companion halt rcpNo 20260921800192
mixed 1-3%HJ Heavy Industries (HJ중공업) 097230 · KOSPI · 2026-09-21 12:54 KST · p≈25%
Seoul Beon-dong 3-1 street-housing contractor selection ₩144.0bn (7.20% of sales / ~10.5% of ~₩1.37tn mcap) — unsigned, amount may change at main contract
2026-09-21 12:54 KST: HJ Heavy Industries Co., Ltd. (HJ중공업, 097230, KOSPI) — material management matter for investment judgment. Title: selected as contractor for the Seoul Beon-dong 3-1 street housing redevelopment project (서울 번동 3-1구역 가로주택정비사업 시공자 선정). Award amount ₩143,974,240,000 (=₩144.0bn / 1,439.7억), VAT excluded, HJ share 100%. Latest consol. sales (2025 year-end) ₩1,999,705,307,561; face = 7.20% of sales. Fact-confirmation date 2026-09-21 (association letter receipt date). Client: Beon-dong 3-1 Street Housing Redevelopment Association. Project: Gangbuk-gu Beon-dong 413-18 area; B3–F35, 6 buildings, 393 new units. Filing notes terms may change during contracting and a further disclosure will follow when the main construction contract is signed. No advance/deposit disclosed (no signed construction contract yet). rcpNo 20260921800180 / dcmNo 11586277 confirmed on DART HTML viewer (company name matches). Live at enrich (Naver 097230): ₩15,190 (prev ₩15,470, −1.81%; session high ₩15,880 = +2.65% vs prev; open ₩15,880; low ₩15,060); mcap ≈ ₩1조 3,716억 (~₩1,371.6bn / ₩1.37tn). Face/mcap ≈ 10.5%.
What: HJ Heavy Industries confirms it was selected as contractor for Seoul Beon-dong 3-1 street housing redevelopment with a ₩144.0bn award (7.20% of 2025 consol. sales, ~10.5% of the ~₩1.37tn mcap); terms are not final until a main construction contract is signed, and no advance is disclosed. Why mixed: a named mid-cap contractor win is constructive versus an empty book, but this is preferred-bidder/selection confirmation rather than a signed EPC, cash on street-housing work is multi-year progress-bill once signed, and ~10% of mcap is disclosure optics — not same-session cash. Why 1-3% (not 3-8%/8%+): 7.2% of sales clears the KRX sales bar and face/mcap is real double-digit, but Dongbu/Seohan construction+no-advance and preferred-bidder confirmation-gap rules refuse stamping mid-single or shock bands off unsigned face%; Samsung E&A SABIC-class — expect at most a ~1–3% headline blip. Why p≈25%: DART stamped mid-session Mon 12:54; tape is −1.81% with high only +2.65% — leftover for a thin confirmation grind into the close is modest, not unused full-band alpha.
Why direction: Named contractor selection is mildly constructive, but unsigned terms + no advance + multi-year housing cash → mixed, not clean up. Why magnitude: Face ~10.5% mcap / 7.2% sales, yet unsigned and no advance → 1-3% blip class; refuse 3-8%/8%+ off face%. Why probability: Live −1.81% / high +2.65% at enrich → leftover p≈25% for a thin grind, not unused band.
DART
up 3-8%Jays Robotics (제이스로보틱스) 090470 · KOSDAQ · 2026-09-21 10:45 KST · p≈15%
Battery dry-room/equipment ops sample-build contract ₩5.65bn (18.4% of sales / ~7.5% of ~₩76bn mcap) — 50% advance; counterparty withheld
2026-09-21 10:45 KST: Jays Robotics Co., Ltd. (제이스로보틱스 / JAS Robotics, 090470, KOSDAQ) — single sales/supply contract. Content: sample-build service using secondary-battery manufacturing infrastructure and dedicated equipment ops (2차전지 제조 인프라 및 전용 장비 운용을 통한 샘플 제작 용역). Not conditional. Confirmed contract amount ₩5,647,287,800 (=₩5.65bn / 56.47억); also stated as USD 4,081,000 at Seoul FX mid USD 1,383.80 on 2026-09-21. Latest consol. sales (2025) ₩30,661,005,588; contract = 18.42% of sales. Counterparty withheld (trade-secret hold through 2028-03-31); domestic; relation blank; same-type contracts fulfilled in last 3 years = yes. Period 2026-09-21 to 2028-03-31. Advance/deposit: yes — (1) 50% contract deposit, (2) 20% on dry-room and equipment setup complete, (3) 30% on equipment ops complete. Own production. Contract/order date 2026-09-21. Notes: dry-room rental + development-equipment rental + equipment-ops service. rcpNo 20260921900091 / dcmNo 11586185 confirmed on DART HTML viewer (company name matches). Live at enrich (Naver 090470): ₩4,370 (prev ₩4,245, +2.94%; session high ₩4,700 = +10.72% vs prev; open ₩4,490; low ₩4,200); listed 17,476,594; mcap ≈ ₩76,372,715,780 (~₩76.4bn / 764억). Face/mcap ≈ 7.39%; 50% advance ≈ ₩2,823,643,900 (~3.70% of mcap).
What: Jays Robotics discloses a ₩5.65bn domestic battery dry-room/equipment rental-plus-ops sample-build book (18.4% of 2025 consol. sales, ~7.5% of the ~₩76bn mcap) with a 50% contract deposit and milestones through Mar 2028; counterparty name is withheld for trade secret. Why up: this is a signed, non-conditional order with near-term cash (half on sign) into a battery-infra/service mix the company has done before — constructive versus an empty book. Why 3-8% (not 1-3%/8%+): face clears ~7.5% of mcap and the 50% advance is real near-term cash (Genesem/advance class), so refuse a token 1-3% sales-bar-only band; refuse 8%+ because the counterparty is unnamed, the work is rental/ops service rather than a lump equipment shipment, and ~half the cash still dribbles on later milestones. Why p≈15%: DART stamped mid-session Mon 10:45; by enrich live is only +2.9% but the session high already printed +10.7% then faded — YM/thin-KOSDAQ pattern: usable clip was the first minutes after the stamp; leftover into the close is fade-or-hold, not unused full-band alpha.
Why direction: Signed book + 50% advance into known battery-infra service line is constructive — up. Why magnitude: ~7.5% of mcap with 50% deposit → 3-8%; unnamed CP + rental/ops mix + staged cash refuse 8%+. Why probability: High already +10.7% then faded to +2.9% at enrich → leftover p≈15% (don't chase).
DART
mixed 1-3%Korea Export Packaging (한국수출포장공업) 002200 · KOSPI · 2026-09-21 10:31 KST · p≈18%
Osan corrugated base-paper production resume after Feb–Sep fire halt — volume not yet 100%; disaster loss TBD
2026-09-21 10:31 KST: Korea Export Packaging Industrial Co., Ltd. (한국수출포장공업, 002200, KOSPI) — production resume (voluntary disclosure). Field: Osan plant. Detail: corrugated base-paper (골판지원지) production resumed. Reason: fire-accident recovery and process maintenance completed. Stated impact: corrugated base-paper production back to normal operation. Resume date 2026-09-21; board decision 2026-09-21. Sales fields in the form are blank — filing notes the product feeds corrugated boxes/fabric and does not generate separate sales. Caveats: current resumed volume is not yet 100% of pre-fire good-product volume; halt period 2026-02-07 through 2026-09-20; final disaster-loss amount still undetermined (further amendment when finalized). Related prior filings 2026-02-09 production halt + disaster occurrence. rcpNo 20260921800106 / dcmNo 11586105 confirmed on DART HTML viewer (company name matches). Live at enrich (Naver 002200): ₩2,810 (prev ₩2,830, -0.71%; session high ₩2,855 = +0.88% vs prev); listed 33,499,941; mcap ≈ ₩94,134,834,210 (~₩94.1bn / 941억).
What: Korea Export Packaging resumes Osan corrugated base-paper production on 2026-09-21 after a fire-driven halt from 2026-02-07 to 2026-09-20; the form leaves sales blank (input to boxes/fabric), says volume is not yet 100% of pre-fire good output, and leaves final disaster-loss undetermined. Why mixed: ending a ~7.5-month plant halt is constructive versus continued downtime, but this is the second shoe of the already-disclosed Feb-9 halt/disaster, ramp is explicitly incomplete, and unconfirmed loss size remains an overhang — not a clean new earnings print. Why 1-3% (not 3-8%/8%+): Hankook fire-halt resume class — ops restart after a known outage is usually a small band, and with blank sales % plus incomplete ramp there is no size bar that supports mid-single or shock. Why p≈18%: DART stamped mid-session Mon 10:31; tape is -0.71% with high only +0.88% — leftover for a thin relief grind exists but the story has been public since February, so leftover is soft, not unused full-band alpha.
Why direction: Ops resume after long fire halt is constructive, but known Feb second-shoe + incomplete ramp + TBD disaster loss → mixed, not clean up. Why magnitude: Hankook resume class / blank sales / incomplete ramp → 1-3% only; refuse mid-single or shock. Why probability: Live -0.71% / high +0.88% and Feb-known story → leftover p≈18%.
DART
mixed 1-3%Dongbu Construction (동부건설) 005960 · KOSPI · 2026-09-21 10:09 KST · p≈25%
Toegyewon Zone 4 redevelopment contractor selection ~₩193.3bn (11% of sales / ~98% of ~₩196bn mcap) — unsigned, amount TBD at contract
2026-09-21 10:09 KST: Dongbu Construction Co., Ltd. (동부건설, 005960, KOSPI) — material management matter for investment judgment. Title: selected as contractor for the Toegyewon Zone 4 redevelopment project (퇴계원4구역 재개발사업 시공자 선정). Selection date 2026-09-19 (Sat). Indicative contract amount about ₩193,300,000,000 (=₩193.3bn / 1,933억), VAT excluded; amount to be finalized when the construction contract is signed. Latest consol. sales (2025) ₩1,758,625,710,036; face = 11.00% of sales. Fact-confirmation / board-or-confirm date 2026-09-21 (confirmed association general-meeting result). Project scale: B3–27F apartment 557 units plus neighborhood facilities. Filing notes content may change and a further disclosure will follow on main-contract signing. No advance/deposit disclosed (no signed construction contract yet). rcpNo 20260921800094 / dcmNo 11586013 confirmed on DART HTML viewer (company name matches). Live at enrich (Naver 005960): ₩8,550 (prev ₩8,650, -1.16%; session high ₩8,750 = +1.2% vs prev); mcap ≈ ₩1,964억 (~₩196.4bn). Face/mcap ≈ 98.4%.
What: Dongbu Construction confirms it was selected as contractor for Toegyewon Zone 4 redevelopment with an indicative ~₩193.3bn book (11% of 2025 consol. sales, ~98% of the ~₩196bn mcap); the won amount is not final until a construction contract is signed, and no advance is disclosed. Why mixed: a named mid-size contractor win is constructive versus an empty book, but this is preferred-bidder/selection confirmation rather than a signed EPC, cash on redevelopment work is multi-year progress-bill once signed, and face≈mcap is disclosure optics — not same-session cash. Why 1-3% (not 3-8%/8%+): 11% of sales clears the KRX sales bar and face/mcap looks huge, but Seohan/construction+no-advance and preferred-bidder confirmation-gap rules refuse stamping mid-single or shock bands off unsigned face%; Samsung E&A SABIC-class — expect at most a ~1–3% headline blip. Why p≈25%: DART stamped mid-session Mon 10:09; tape is -1.2% with high only +1.2% — leftover for a thin confirmation grind into the close is modest, not unused full-band alpha.
Why direction: Named contractor selection is mildly constructive, but unsigned amount + no advance + multi-year redevelopment cash → mixed, not clean up. Why magnitude: Face ~98% mcap / 11% sales, yet unsigned and no advance → 1-3% blip class; refuse 3-8%/8%+ off face%. Why probability: Live -1.2% / high +1.2% at enrich → leftover p≈25% for a thin grind, not unused band.
DART
mixed 1-3%Seohee Construction (서희건설) 035890 · KOSDAQ · 2026-09-21 09:29 KST · p≈18%
Busan Jeonpo regional-housing apt build ₩318.27bn (28.9% of sales / ~66% of ~₩485bn mcap) — zero advance, progress-bill 2027–2032
2026-09-21 09:29 KST: Seohee Construction Co., Ltd. (서희건설, 035890, KOSDAQ) — single sales/supply contract. Content: Busan Seomyeon regional housing association apartment new construction (부산 서면 지역주택조합 아파트 신축공사). Confirmed contract amount ₩318,270,000,000 (=₩318.27bn / 3182.7억), VAT excluded; sum of construction contract + fire-protection works. Not conditional. Latest consol. sales (2025 K-IFRS) ₩1,100,130,344,137; contract = 28.93% of sales. Counterparty: Jeonpo 1-dong Regional Housing Association (전포1동 지역주택조합); region Busan Jin-gu Jeonpo-dong; no 3-year same-type history. Period: 2027-06-30 start to 2032-02-29 end (56 months from actual groundbreaking). Advance/deposit: none. Payment: every 2 months on progress rate. Contract (order) date 2026-09-18. rcpNo 20260921900063 / dcmNo 11586001 confirmed on DART HTML viewer (company name matches). Live at enrich (Naver 035890): ₩2,335 (prev ₩2,340, −0.21%; session high ₩2,410 = +3.0% vs prev); listed 207,588,536; mcap ≈ ₩484,719,231,560 (~₩484.7bn / 4847억). Face/mcap ≈ 65.7%.
What: Seohee Construction discloses a ₩318.27bn Busan Jeonpo regional-housing apartment EPC book (28.9% of 2025 consol. sales, ~66% of the ~₩485bn mcap) with zero advance and progress-bill cash from a mid-2027 start through early 2032. Why mixed: a large named backlog print is constructive versus an empty order book, but with no down payment and cash dribbled over ~56 months starting mid-2027, near-term earnings/cash fuel is thin — and a regional housing association counterparty is not a mega-cap named buyer. Why 1-3% (not 3-8%/8%+): face clears every sales and mcap size bar, but Seohan/construction+zero-advance rules refuse stamping near-term mid-single or shock bands off face%; Samsung E&A SABIC-class — expect a ~1–3% headline blip then little. Why p≈18%: DART stamped mid-session Mon 09:29; tape already printed a +3.0% high and faded back to flat/−0.2% by enrich — leftover for the rest of the cash session is thin, not unused full-band alpha.
Why direction: Large backlog is mildly constructive, but zero advance + multi-year drip + housing-assoc counterparty → mixed, not clean up. Why magnitude: Face ~66% mcap / 29% sales, yet no advance and cash from 2027 → 1-3% blip class; refuse 3-8%/8%+ off face%. Why probability: High already +3% then faded to flat at enrich → leftover p≈18% for a thin grind, not unused band.
DART
up 1-3%Shinsegae I&C (신세계I&C) 035510 · KOSPI · 2026-09-18 15:58 KST · p≈22%
Shareholder-return policy reset — 20% of separate NI dividend (floor ₩400/share) + cancel ~420k treasury/yr (835,090 held = 5.97%) over 2026–2027
2026-09-18 15:58 KST: Shinsegae I&C Co., Ltd. (신세계아이앤씨 / 신세계I&C, 035510, KOSPI) — fair disclosure: early change of shareholder-return policy. Principles for FY2026–FY2027 (then review): (1) dividend pool = 20% of annual separate net income; (2) minimum dividend ₩400 per share if the pool is below that; (3) treasury cancel ≈420,000 shares per year in 2026–2027; company holds 835,090 treasury shares (5.97% of listed) and plans to cancel the entire holding over the two years. Stated aims: raise predictability of shareholder yield and stabilize dividends. Related prior fair disclosure 2024-04-25. rcpNo 20260918800415 / dcmNo 11585108 confirmed on DART HTML viewer (company name matches). Live at enrich (Yahoo 035510.KS): ₩15,670; listed 13,980,900; mcap ≈ ₩219,080,703,000 (~₩219.1bn / 2191억). Full treasury sleeve ≈ 5.97% of shares (~3.0% per year if split evenly).
What: after the Friday cash close, Shinsegae I&C pre-announces a 2026–2027 shareholder-return frame — 20% of separate NI as the dividend pool with a ₩400/share floor, plus cancelling its entire 835,090-share treasury sleeve (~5.97% of listed) at ~420k shares per year. Why up: a dated dividend floor plus multi-year cancel of a known treasury block is constructive capital-return signalling on a mid-cap KOSPI name. Why 1-3%: annual cancel is only ~3% of shares and the dividend is a payout rule, not a same-session cash tender; liquid ~₩219bn names rarely gap mid-single digits on policy IR (Amorepacific/Hanwha Aerospace class). Why p≈22%: Friday after-close→Mon leftover exists, but policy IR and the Apr-2024 related disclosure mean much of the frame may already be in the narrative — soft leftover.
Why direction: Dated dividend floor plus staged treasury cancel is constructive return-of-capital — up. Why magnitude: ~3%/yr float cut and a payout rule on a ~₩219bn name → 1-3% IR band, not 3-8%. Why probability: Weekend→Mon leftover ~22% after haircut for known-policy / soft-IR pattern.
DART
up 1-3%CU Tech (씨유테크) 376290 · KOSDAQ · 2026-09-18 15:55 KST · p≈28%
Already-held treasury cancel 352,400 shares (2.00% of listed) — book ₩1.00bn (~2.0% of ~₩50bn mcap); cancel date 2026-09-28
2026-09-18 15:55 KST: CU Tech Co., Ltd. (씨유테크, 376290, KOSDAQ) — stock cancellation decision. Common shares to cancel: 352,400; listed common before cancel: 17,657,500; after cancel 17,305,100. Par ₩500. Cancel book value ₩999,986,395 (=₩1.00bn / 10.0억). Method: already-held treasury; no new buy window. Cancel scheduled date 2026-09-28 (may move). Board 2026-09-18. Purpose: share-price stability and shareholder value; Commercial Act Art. 343(1); issued share count falls, capital stock unchanged. Filing substitutes for treasury-disposition disclosure. rcpNo 20260918900394 / dcmNo 11585104 confirmed on DART HTML viewer (company name matches). Live at enrich (Yahoo 376290.KQ): ₩2,830 (vs chart prev ≈ ₩2,725); listed 17,657,500; mcap ≈ ₩49,970,725,000 (~₩50.0bn / 500억). Cancel sleeve ≈ 2.00% of shares / book ≈ 2.00% of that mcap.
What: after the Friday cash close, CU Tech will cancel 352,400 already-held treasury shares (2.00% of 17,657,500 listed) on/around 2026-09-28; book ₩1.00bn (~2.0% of the ~₩50bn mcap); no new cash bid. Why up: permanent float shrink is modestly constructive for a ~₩50bn KOSDAQ name. Why 1-3%: size is only ~2% of shares/mcap — clears a disclosure bar but not a mid-single-digit float shock; already-held cancel (no open-market bid) caps the band. Why p≈28%: Friday after-close→Mon leftover exists, but a 2% already-held cancel is often shrugged; haircut for size.
Why direction: Cancelling already-held treasury permanently shrinks float — soft up. Why magnitude: ~2% of shares and ~2% of ₩50bn mcap is a 1-3% band, not 3-8%. Why probability: Weekend→Mon leftover is real but small-size cancel haircuts odds to ~28%.
DART
up 3-8%INFOvine (인포바인) 115310 · KOSDAQ · 2026-09-18 15:51 KST · p≈38%
Already-held treasury cancel 1,132,866 shares (7.64% of listed) — book ₩6.40bn (~4.5% of ~₩141bn mcap); cancel date 2026-09-30
2026-09-18 15:51 KST: INFOvine Inc. (인포바인, 115310, KOSDAQ) — stock cancellation decision. Common shares to cancel: 1,132,866; listed common before cancel: 14,831,549; after cancel ≈ 13,698,683. Par ₩100. Cancel book value ₩6,401,825,766 (=₩6.40bn / 64.0억). Method: already-held treasury (기취득 자기주식); no new buy window. Cancel scheduled date 2026-09-30 (may move on regulator talks). Board 2026-09-18. Purpose: cancel treasury under Commercial Act Art. 343(1); issued share count falls, capital stock unchanged. This filing substitutes for a treasury-disposition disclosure. rcpNo 20260918900391 / dcmNo 11585095 confirmed on DART HTML viewer (company name matches). Live at enrich (Yahoo 115310.KQ): ₩9,490 (vs chart prev ≈ ₩9,410); listed 14,831,549; mcap ≈ ₩140,751,400,010 (~₩140.8bn / 1408억). Cancel sleeve ≈ 7.64% of shares / book ≈ 4.55% of that mcap. FDR listing ADV recently thin (~3.8k shares).
What: after the Friday cash close, INFOvine will cancel 1,132,866 already-held treasury shares (7.64% of the 14,831,549 listed) on/around 2026-09-30; book value ₩6.40bn (~4.5% of the ~₩141bn mcap); no new open-market bid. Why up: permanent float shrink without issuing new shares — classic cancel-bound treasury float squeeze on a thin KOSDAQ name. Why 3-8% (not 1-3%/8%+): 7.6% of shares is a real mid-band float cut and thin ADV can whip past a token 1-3%, but this is already-held cancel (no fresh cash bid) on a ~₩141bn name — refuse PlumbFast-class 8%+ reserved for ~18% cancels on ~₩30bn micros. Why p≈38%: Friday 15:51 stamp leaves a real weekend→Monday auction leftover; haircut from ~50% because already-held cancels are often partly anticipated in the treasury tally and micro ADV can gap-and-fade.
Why direction: Permanent float cut from cancelling already-held treasury is constructive — up, not mixed dilution. Why magnitude: 7.64% of shares / ~4.5% of mcap on thin KOSDAQ clears a 3-8% band; already-held (no new bid) and ~₩141bn mcap refuse 8%+. Why probability: Friday after-close→Mon leftover is real (~38%); known-treasury and fade risk haircut the odds.
DART
