034950 - Korea Ratings Corporation

034950 Summary

IT Services

Stock Price & Overview

₩103,900 -900 (-0.86%) Close · Sep 4, 2026 KST

KOSDAQ | ₩KRW | Close: ₩103,900 ≈ US$74 · Market cap ₩0.5tn (≈ $337m)

034950 Financial Statements

Breakdown ₩ bn	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015
Total Revenue	109.8	104.1	95.6	101.6	104.5	95.9	92.7	84.2	78.5	74.3	66.5
Gross Profit	109.8	104.1	95.6	101.6	104.5	95.9	92.7	84.2	78.5	74.3	66.5
Selling, General & Administrative	—	—	—	—	—	—	61.1	58.8	54.5	53.3	50.7
Operating Income	34.3	32.7	25.8	29.9	36.2	32.7	31.6	25.4	24.0	20.9	15.8
Finance Income	3.0	3.6	3.5	2.2	0.7	1.1	2.1	1.9	1.6	1.6	1.7
Finance Costs	0.1	0.1	0.1	0.0	0.0	0.0	0.1	0.0	0.0	0.0	0.0
Pretax Income	37.4	36.3	29.4	32.2	37.0	33.8	33.9	27.5	25.8	22.6	19.1
Income Tax Expense	8.1	7.7	5.3	6.7	10.3	9.6	9.1	7.2	6.5	5.8	4.8
Net Income	29.4	28.6	24.2	25.5	26.7	24.2	24.8	20.2	19.3	16.9	13.3
Total Comprehensive Income	35.0	33.5	26.7	32.3	24.0	28.7	25.2	21.5	20.1	16.2	14.0

Breakdown ₩ bn	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015
Total Assets	187.5	175.3	155.1	161.3	161.3	150.6	160.3	130.7	127.7	122.7	116.5
Current Assets	126.9	124.3	109.1	118.0	122.6	110.8	129.5	103.2	101.6	96.0	88.8
Cash & Cash Equivalents	119.2	115.7	102.8	110.9	114.5	103.0	15.0	12.9	11.1	11.5	10.2
Trade Receivables	7.3	8.3	6.1	6.8	7.8	6.5	7.3	6.3	5.8	6.4	5.4
Non-current Assets	60.6	51.0	46.0	43.3	38.8	39.8	30.8	27.5	26.1	26.7	27.8
Property, Plant & Equipment	2.5	2.4	2.1	2.1	2.6	3.3	5.7	5.2	4.1	4.8	4.8
Intangible Assets	4.6	3.0	4.1	7.8	10.9	8.1	1.7	1.8	2.1	2.6	2.8
Total Liabilities	41.5	40.5	34.1	34.1	40.7	38.4	35.9	28.1	24.9	22.5	23.9
Current Liabilities	29.9	30.6	25.6	27.6	32.3	29.1	28.4	23.0	20.9	19.0	20.6
Non-current Liabilities	11.6	9.9	8.5	6.5	8.4	9.2	7.5	5.1	4.0	3.5	3.3
Total Equity	146.0	134.8	121.0	127.2	120.6	112.3	124.4	102.6	102.8	100.2	92.6
Share Capital	24.5	24.5	24.5	24.5	24.5	24.5	24.5	24.5	24.5	24.5	24.5
Retained Earnings	79.0	71.4	63.7	72.2	66.9	57.6	75.6	56.1	53.9	53.7	47.2

Breakdown ₩ bn	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015
Cash from Operating Activities	31.9	35.4	27.6	24.4	33.6	30.5	32.3	22.7	22.7	16.5	16.1
Cash from Investing Activities	-3.9	-2.0	-2.1	-1.5	-5.7	99.0	-26.1	0.4	-5.6	-6.5	-16.1
Purchase of Property, Plant & Equipment	0.7	0.3	0.3	0.2	0.1	0.7	2.3	2.1	0.5	0.7	1.7
Cash from Financing Activities	-24.5	-20.5	-33.6	-26.5	-16.5	-41.6	-4.1	-21.3	-17.6	-8.7	-9.0
Dividends Paid	23.8	19.8	32.9	25.7	15.7	40.9	3.4	15.9	17.6	8.7	9.0
Net Change in Cash	3.5	12.9	-8.1	-3.6	11.5	88.0	2.1	1.8	-0.5	1.4	-9.0

Breakdown ₩ bn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1
Total Revenue	43.0	22.7	22.9	22.2	42.7	22.1	21.7	22.8	38.9	20.6
Gross Profit	43.0	22.7	22.9	22.2	42.7	22.1	21.7	22.8	38.9	20.6
Operating Income	20.9	4.7	4.2	4.6	20.8	4.8	4.6	5.8	18.8	3.5
Finance Income	0.6	0.8	0.8	0.7	0.7	0.8	0.9	0.9	0.8	0.9
Finance Costs	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Pretax Income	21.5	6.1	4.9	5.3	21.4	5.7	5.5	6.7	19.6	4.5
Income Tax Expense	4.8	1.4	0.9	1.1	4.6	1.4	1.2	1.2	4.2	1.0
Net Income	16.6	4.7	4.1	4.2	16.8	4.3	4.3	5.5	15.4	3.5
Total Comprehensive Income	16.6	4.7	9.7	4.2	16.8	4.3	9.2	5.5	15.4	3.5

Breakdown ₩ bn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1
Total Assets	176.0	188.8	187.5	174.9	176.2	175.6	175.3	163.5	162.4	157.9
Current Assets	113.7	127.5	126.9	123.1	124.2	125.1	124.3	119.3	118.1	113.2
Cash & Cash Equivalents	96.7	113.5	119.2	111.8	107.4	112.5	115.7	107.6	103.5	100.4
Trade Receivables	16.1	12.7	7.3	10.4	15.8	11.4	8.3	11.1	13.8	11.4
Non-current Assets	62.3	61.4	60.6	51.7	52.0	50.4	51.0	44.2	44.3	44.7
Property, Plant & Equipment	2.4	2.5	2.5	2.5	2.4	2.4	2.4	2.1	2.1	2.1
Intangible Assets	6.1	5.6	4.6	4.0	4.2	3.0	3.0	2.6	2.6	3.3
Total Liabilities	47.7	77.1	41.5	38.6	44.1	60.3	40.5	37.9	42.3	53.1
Current Liabilities	35.7	65.1	29.9	28.4	33.8	50.0	30.6	29.1	33.6	44.4
Non-current Liabilities	12.0	12.0	11.6	10.2	10.3	10.2	9.9	8.8	8.7	8.7
Total Equity	128.3	111.7	146.0	136.3	132.1	115.3	134.8	125.6	120.1	104.7
Share Capital	24.5	24.5	24.5	24.5	24.5	24.5	24.5	24.5	24.5	24.5
Retained Earnings	61.2	47.7	79.0	75.3	71.5	57.8	71.4	67.6	62.6	50.3

Breakdown ₩ bn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1
Cash from Operating Activities	23.5	-3.7	9.0	4.7	20.6	-2.4	8.9	4.6	23.6	-1.6
Cash from Investing Activities	-1.1	-1.8	-1.4	-0.2	-1.7	-0.6	-0.6	-0.4	-0.5	-0.5
Purchase of Property, Plant & Equipment	0.0	0.1	0.1	0.2	0.1	0.3	0.1	0.1	0.0	0.1
Cash from Financing Activities	-39.2	-0.2	-0.2	-0.2	-24.0	-0.2	-0.2	-0.2	-19.9	-0.2
Dividends Paid	—	—	0.0	0.0	—	—	0.0	0.0	—	—
Net Change in Cash	-16.8	-5.7	7.4	4.4	-5.1	-3.2	8.1	4.0	3.1	-2.3

Consolidated (CFS), from DART. 11 fiscal years and 10 quarters. Accounts matched on IFRS account_id, not Korean labels, so the same line holds across years where the Korean wording changed. Quarterly figures are three-month values: income quarters from DART's three-month column, cash-flow quarters differenced from DART's cumulative figures, and Q4 as annual minus nine-month cumulative.

034950 Growth

FY2025 ₩bn	Latest	1-yr	3-yr CAGR	5-yr CAGR	10-yr CAGR
Revenue	109.8	+5.5%	+2.6%	+2.7%	+5.1%
Operating income	34.3	+5.1%	+4.7%	+1.0%	+8.1%
Net income	29.4	+2.7%	+4.8%	+4.0%	+8.2%
EPS	₩6,471	+2.7%	+4.8%	+4.0%	+8.2%
Operating cash flow	31.9	-9.9%	+9.3%	+0.9%	+7.1%
Shareholders' equity	146.0	+8.3%	+4.7%	+5.4%	+4.7%

Compound annual growth from the DART annual statements on this page. n/m where either end of the period is a loss or missing. EPS uses today's share count for every year.

034950 Profitability

Ratio	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Gross margin	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Operating margin	31.3%	31.4%	27.0%	29.5%	34.7%	34.1%
Net margin	26.8%	27.5%	25.3%	25.1%	25.6%	25.2%
Return on equity	20.9%	22.4%	19.5%	20.6%	23.0%	20.4%
Return on assets	16.2%	17.3%	15.3%	15.8%	17.2%	15.5%
Operating cash flow / revenue	29.0%	34.0%	28.9%	24.1%	32.1%	31.9%
Capex / revenue	0.6%	0.3%	0.3%	0.2%	0.1%	0.7%

Margins divide by revenue for the same year. Return on equity and assets divide net income by the average of that year's and the prior year's balance, as DART reports them (consolidated, including minority interests).

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What a US investor should know

Trading hours09:00–15:30 KST — 20:00–02:30 US Eastern the night before.
Daily limitKorean stocks can move at most ±30% in a session before trading halts.
Getting exposureKRX shares are not directly tradable in most US brokerage accounts. The usual routes are Korea ETFs or an international account.
ReportingKorean issuers file to DART, not the SEC. Half-year and quarterly reports land about 45 days after period end.