FreeT프리티

FreeT's shares have fallen sharply over the past year, while a stack of capital-raising filings lands in October 2026.

FreeT is a small Korean telecom and smart grid company whose main business is MVNO mobile services, with smart grid products sold mainly to Korea Electric Power Corporation. Trailing results to H1 2026 show revenue of about ₩101.6B but a net loss of about ₩20.3B and a small operating profit of about ₩0.8B. The share price closed at ₩1,040 on 2026-10-21, down 83% over one year, with a market cap of about ₩18.5B.

What stands out

• Trailing revenue is about ₩101.6B with operating income of about ₩0.8B, a margin of 0.8%, but net income is a loss of about ₩20.3B.
• Borrowings of about ₩7.3B exceed cash of about ₩1.9B, and liabilities are 142.1% of equity.
• The filings list in early October 2026 is dominated by amended rights offering, convertible bond, capital reduction and shareholders' meeting items, and the data does not explain them in detail.
• Foreign ownership is 0% and the 20-day flows show retail investors net sellers, with the 1-month return at -29.5%.
• Valuation shows price-to-book of 0.9 and price-to-sales of 0.2, with no earnings-based P/E because of the losses; the dividend yield is 0%.

What to watch

• Terms and timing of the rights offering, convertible bond and capital reduction once the amended filings are finalised, including any effect on the share count (17.7M listed shares now).
• The next periodic results and whether operating profit can stay positive after the 2025 operating profit of about ₩4.1B fell back in trailing terms.
• The October 2026 news headline on the company's fundraising path was described as unclear, so the company's financing plans are not clear from the data.