Daily BriefsSouth Korea

Daily Brief South Korea: Dong Ah Tire Ind Co., Ltd. and more

In today’s briefing:

  • Initial Thoughts on the DN Solutions IPO


Initial Thoughts on the DN Solutions IPO

By Douglas Kim

  • DN Solutions is planning to complete its IPO in Korea in 2025. The expected value of DN Solutions is estimated to be about 5 trillion won to 6 trillion won.
  • DN Solutions’ revenue and operating profit increased at CAGR of 19.9% and 62.2%, respectively from 2020 to 2023.
  • Currently, the largest shareholder of DN Solutions is GMT Holdings which has a 90.32% stake. DN Automotive (007340 KS) owns a 100% stake in GMT Holdings.

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