KDKD

KD's filings show deep losses, heavy debt and loan overdue and court rehabilitation disclosures, so the shares trade near a 52-week low.

KD is a small Korean builder of apartments, officetels and civil engineering projects. Its trailing twelve-month figures to H1 2026 show revenue of about ₩64.6B, a positive operating income of about ₩4.4B, but a net loss of about ₩29.9B and liabilities far above equity. Recent filings concern loan overdue notices and rehabilitation proceedings, and the share price is ₩205, down about 67% over one year.

What stands out

• Revenue fell from ₩157.6B in 2024 to ₩27.8B in 2025, a decline of 82.4%, with a 2025 operating loss of about ₩4.3B and net loss of about ₩25.6B.
• Trailing borrowings are about ₩81.0B against cash of only about ₩0.5B, and liabilities are roughly 40 times equity.
• Filings from September and October 2026 include a commencement of rehabilitation proceedings decision, debt guarantees and collateral provided to third parties, and loan principal and interest overdue notices.
• An August 2026 filing references an adverse audit opinion on the half-year review and a capital impairment ratio of 50% or more.
• Trailing free cash flow is positive at about ₩2.3B, but the data does not explain its source. No news headlines were included in the data.

What to watch

• Any further filings on rehabilitation proceedings, creditor actions or loan defaults, and their effect on the company's operations.
• Whether the auditor's opinion and capital impairment position are resolved in future filings.
• The full-year 2026 results and the outcome of the disclosed debt guarantees and collateral arrangements; the data does not include forecasts.