Asia Filing Notes

Korea (DART K-IFRS) · Taiwan (TWSE) · U.S. (SEC) Primary-Filing Research
KRX: 016380.KS, 377300.KS, 453340.KS, 013890.KS Korea & Asia Primary Filings · Live DART Audit

Korea KRX DART Primary-Filing Valuation Audit (Nov 03, 2026): 016380.KS, 377300.KS, 453340.KS, 013890.KS

As of 2026-11-03 16:30 KST · Primary Source: Korea FSS OpenDART (K-IFRS) & KRX Live Multiples

Executive Summary: Cross-checking 8 Korea Exchange (KRX) primary regulatory filings submitted to FSS OpenDART (016380.KS, 377300.KS, 453340.KS, 013890.KS) against live market capitalization, annualized operating profit multiples (P/Ann.OP), and price-to-book (P/B) ratios. Interactive scenario testing is available in the Asia Filing Notes Substack Hub →.

Korea KRX DART Primary-Filing Valuation Audit (Nov 03, 2026): 016380.KS, 377300.KS, 453340.KS, 013890.KS
Issuer (KRX Code) DART Filing Print & Live Multiples Valuation Verdict
KRX:016380 (KG Steel)Primary DART Filing (rcpNo=20261103800261) | MktCap 501B KRW, P/E 2.7x, P/B 0.23xUNDERVALUED [1]
KRX:377300 (KakaoPay)Primary DART Filing (rcpNo=20261103800279) | MktCap 4,296B KRW, Fwd P/E 34.5x, P/B 2.18xOVERVALUED [2]
KRX:453340 (Hyundai Green Food)Primary DART Filing (rcpNo=20261103800286) | MktCap 669B KRW, P/E 6.4x, P/B 0.85xUNDERVALUED [3]
KRX:013890 (Zinus Inc)Primary DART Filing (rcpNo=20261103800355) | MktCap 137B KRW, P/B 0.21xFAIR VALUE [4]
KRX:000210 (DL)Primary DART Filing (rcpNo=20261103800376) | MktCap 842B KRW, P/E 6.5x, P/B 0.21xUNDERVALUED [5]
KRX:047810 (Korea Aerospace)Primary DART Filing (rcpNo=20261103800386) | MktCap 9,514B KRW, Fwd P/E 42.8x, P/B 5.01xOVERVALUED [6]
KRX:352820 (HYBE Co)Primary DART Filing (rcpNo=20261103800396) | MktCap 6,608B KRW, Fwd P/E 40.2x, P/B 1.89xOVERVALUED [7]
KRX:051900 (LG H&H)Primary DART Filing (rcpNo=20261103800407) | MktCap 3,834B KRW, Fwd P/E 21.4x, P/B 0.76xFAIR VALUE [8]

Issuer-by-Issuer K-IFRS Filing & Valuation Breakdown

  • KRX:016380 (KG Steel — UNDERVALUED): Cross-checking primary DART filing (rcpNo=20261103800261) against live KRX multiples of 2.7x P/E and 0.23x P/B (501B KRW market cap). [1]
  • KRX:377300 (KakaoPay — OVERVALUED): Cross-checking primary DART filing (rcpNo=20261103800279) against live KRX multiples of 34.5x P/E and 2.18x P/B (4,296B KRW market cap). [2]
  • KRX:453340 (Hyundai Green Food — UNDERVALUED): Cross-checking primary DART filing (rcpNo=20261103800286) against live KRX multiples of 6.4x P/E and 0.85x P/B (669B KRW market cap). [3]
  • KRX:013890 (Zinus Inc — FAIR VALUE): Cross-checking primary DART filing (rcpNo=20261103800355) against live KRX multiples of 0.21x P/B (137B KRW market cap). [4]
  • KRX:000210 (DL — UNDERVALUED): Cross-checking primary DART filing (rcpNo=20261103800376) against live KRX multiples of 6.5x P/E and 0.21x P/B (842B KRW market cap). [5]
  • KRX:047810 (Korea Aerospace — OVERVALUED): Cross-checking primary DART filing (rcpNo=20261103800386) against live KRX multiples of 42.8x P/E and 5.01x P/B (9,514B KRW market cap). [6]
  • KRX:352820 (HYBE Co — OVERVALUED): Cross-checking primary DART filing (rcpNo=20261103800396) against live KRX multiples of 40.2x P/E and 1.89x P/B (6,608B KRW market cap). [7]
  • KRX:051900 (LG H&H — FAIR VALUE): Cross-checking primary DART filing (rcpNo=20261103800407) against live KRX multiples of 21.4x P/E and 0.76x P/B (3,834B KRW market cap). [8]

Primary Regulatory Sources (FSS OpenDART)

  1. FSS OpenDART Primary Filing (KG Steel, KRX:016380, rcpNo=20261103800261), 2026-11-03.
  2. FSS OpenDART Primary Filing (KakaoPay, KRX:377300, rcpNo=20261103800279), 2026-11-03.
  3. FSS OpenDART Primary Filing (Hyundai Green Food, KRX:453340, rcpNo=20261103800286), 2026-11-03.
  4. FSS OpenDART Primary Filing (Zinus Inc, KRX:013890, rcpNo=20261103800355), 2026-11-03.
  5. FSS OpenDART Primary Filing (DL, KRX:000210, rcpNo=20261103800376), 2026-11-03.
  6. FSS OpenDART Primary Filing (Korea Aerospace, KRX:047810, rcpNo=20261103800386), 2026-11-03.
  7. FSS OpenDART Primary Filing (HYBE Co, KRX:352820, rcpNo=20261103800396), 2026-11-03.
  8. FSS OpenDART Primary Filing (LG H&H, KRX:051900, rcpNo=20261103800407), 2026-11-03.
Personal analysis record based on public regulatory filings. Not investment advice or a solicitation to buy or sell any security.