DN AutomotiveDN오토모티브

DN Automotive's shares have risen over the past year, but the company is now facing police raids and Labor Ministry referrals over allegations of lead manipulation at its workplace.

DN Automotive is a Korean holding group with automotive parts, machine tool and automotive tube businesses, and reported trailing twelve-month revenue of ₩4.15T and operating margin of 14.9% to H1 2026. Its share price closed at ₩39,450 on 2026-10-26, up 68.6% over one year but down 17.6% over one month. Recent news is dominated by allegations of lead-injection and lead-test manipulation, which the data does not show as resolved.

What stands out

• Filed figures show revenue rising from ₩3.16T in 2022 to ₩3.68T in 2025, with operating income of ₩528B in 2025.
• Trailing net income is ₩388B and free cash flow is ₩410B, while borrowings of ₩1.59T exceed cash of ₩459B.
• Liabilities are 122.3% of equity, and ROE is 18.8% on a trailing basis.
• Valuation metrics show P/E of 6 and P/B of 1, with a 2.5% dividend yield, but the data gives no analyst views or price targets.
• Recent news reports police raids (2026-10-21) and Labor Ministry referrals over alleged lead-injection and lead-test manipulation, and the CEO has been summoned as a witness.
• Foreign ownership rose to 6.4% from 5.9% over 60 days, while institutions and retail were net sellers over the last 20 days.

What to watch

• Outcome of the police and prosecutorial investigations into the alleged lead-injection and test manipulation, and any penalties under the Serious Accidents Punishment Act or Industrial Safety Act.
• Any further filings on the matter, and the 5%+ holding reports that have been appearing frequently since July 2026.
• Upcoming results and whether the operating margin holds up as the legal and reputational issues develop.