The Korea Economic Broadcasting한국경제TV

Korea Economic Broadcasting has returned to a small profit on a trailing basis after a loss-making 2025, but its operating margin remains thin.

The company runs an economic TV channel and investment information services, and its trailing twelve-month figures to H1 2026 show revenue of about ₩93.8B, operating income of ₩1.2B and net income of ₩5.6B. Revenue has fallen every year since 2021 and the 2025 operating loss of ₩2.4B has not yet been fully reversed in margin terms. The stock closed at ₩4,940 on 2026-10-23, within its 52-week range of ₩4,270 to ₩6,200.

What stands out

• Trailing operating margin is 1.2%, against 22.2% in 2021, so profitability has narrowed sharply over five years.
• Trailing net income of ₩5.6B is well above operating income, a gap the data does not explain.
• The company reports cash of ₩16.0B against borrowings of ₩0.7B, and trailing free cash flow of ₩13.0B.
• The fair value model gives a base value of ₩2,933 per share, below the current price, with a bear of ₩1,933 and a bull of ₩4,813; this is a model output, not a forecast.
• Foreign ownership fell slightly to 1.2% from 1.3% over 60 days, and recent 20-day flows show foreign selling.

What to watch

• The next quarterly and annual filings, to see whether operating income stays positive and revenue stabilises.
• Follow-up to the April 2026 corporate value-up plan and the March 2026 change of CEO, which the data does not detail.
• The 5%+ holding reports from September 2026 and their amendment, which may show shifts in major shareholders.