Hankuk Paper MFG한국제지

Hankuk Paper's shares have fallen sharply over the past year and the company remains loss-making on a trailing basis.

Hankuk Paper makes printing and copy paper and white paperboard packaging in South Korea, with mills in Ulsan and Daegu. For the twelve months to H1 2026 it reported revenue of about ₩782B, a small operating profit of about ₩6.2B and a net loss of about ₩86B, with borrowings of about ₩172B against cash of about ₩28B. The shares closed at ₩2,210 on 2026-10-22, down 45.4% over one year.

What stands out

• Trailing operating margin is about 0.8%, while the net margin is about -11%, so financing and other costs are weighing heavily below the operating line.
• Net income was negative in both 2025 (about -₩33B) and 2023 (about -₩67B), after a profit of about ₩4B in 2024.
• Liabilities are about 93% of equity, and trailing ROE is about -21.5%.
• Recent filings include several amended notices of fines, the H1 2026 half-year report, and a change in the largest shareholder's holdings in July 2026.
• The only news headline in the data is a non-financial item about the company's paper appearing in a TV drama.
• Trailing free cash flow is about ₩24B, and the dividend yield is 0%.

What to watch

• The next half-year or annual results, to see whether the net loss narrows or the operating margin improves from its current low level.
• Further filings on fines, since several amended fine notices appeared between June and October 2026; the data does not explain their size or cause.
• Debt levels relative to cash, given borrowings of about ₩172B; the data does not include the repayment schedule.