Netmarble targets 28.33% Coway stake: what it means for Coway stock

Published on 10/14/2026 at 03:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Netmarble plans 591,715 shares for KRW 59.99 billion on October 12, 2026. For Coway stock, ownership could reach 28.33 percent after the deal.

Ownership shift and quarterly growth

Netmarble filed plans on October 12, 2026 to buy 591,715 Coway shares for KRW 59.99 billion.
Coway reported second-quarter 2026 revenue of KRW 1.44 trillion, up 14.60 percent year over year.
Netmarble's planned ownership would rise to 28.33 percent between November 11 and December 10, 2026.

Coway, KR7021240007, Illustration mit AI erstellt.

Netmarble plans to buy 591,715 Coway shares for KRW 59.99 billion under a regulatory filing dated October 12, 2026, according to Alpha Biz. The purchase would lift Netmarble's ownership from 27.50 percent to 28.33 percent and reinforce its position as Coway's largest shareholder.

What does the stake change mean?

The planned transaction is scheduled to run from November 11 through December 10, 2026. Netmarble's holdings would rise from 19,458,706 shares to 20,050,421 shares, giving the deal a clearly defined ownership effect rather than a cash distribution to Coway shareholders.

The filing values the purchase at KRW 59.99 billion, based on Coway's October 8 closing price of KRW 101,400. Alpha Biz reported that Netmarble described the investment as a way to strengthen corporate governance stability and financial soundness.

Revenue growth stays double digit

Coway's operating backdrop remains important because the ownership change is taking place alongside expanding quarterly revenue. In the second quarter of 2026, revenue reached KRW 1.44 trillion, up 14.60 percent year over year, while operating profit was KRW 253 billion and the operating margin was 17.60 percent, according to ATS View.

Net income was KRW 178 billion in the second quarter of 2026. First-quarter revenue was KRW 1.33 trillion and operating profit was KRW 251 billion, so second-quarter revenue increased by KRW 112 billion while operating profit rose by KRW 2 billion, according to ATS View.

KOSPI price and valuation context

Coway was trading at KRW 104,100 on the Korea Exchange KOSPI at 10:10 a.m. KST on October 14, 2026. Its market capitalization was KRW 7.3 trillion, while the 52-week range was KRW 68,800 to KRW 109,200.

The stock was therefore KRW 5,100 below its 52-week high on October 14, 2026. The ownership plan adds a corporate-governance variable to a company that had delivered 14.60 percent year-over-year revenue growth in the second quarter, while the planned purchase window supplies the next dated event for the market.

Dates investors can track

The regulatory filing date was October 12, 2026, and the planned open-market purchase period runs from November 11 to December 10, 2026. Those dates frame the ownership change and separate the announced transaction from its later execution period.