Significant Upside

Peer valuations imply KRW 150,000.
Better execution and new growth engines could justify KRW 450,000 over time.
All assuming one thing: a real board and a capable CEO.


Note 1: As of June 19, 2026
Note 2: Peer EV/EBITDA
These views represent FCP’s opinions based on certain assumptions and should not be construed as a prediction or guarantee of future share price performance.