E-World이월드

E-World's shares have fallen sharply over the past year, while the filings show a loss-making business with heavy borrowings.

E-World runs the Idle World amusement park in Daegu and a LLOYD-brand jewelry business, with jewelry making up about 64% of revenue. Trailing twelve-month revenue to H1 2026 was about ₩98.1B, with a small operating profit of ₩1.6B but a net loss of ₩19.6B. Borrowings of ₩137.1B are high relative to cash of ₩2.5B, and the share price is down about 69.5% over one year.

What stands out

• Trailing net loss of ₩19.6B on revenue of ₩98.1B gives a net margin of -19.9%, while the operating margin is a slim 1.6%.
• Revenue has shrunk for several years, from ₩126.5B in 2022 to ₩88.7B in 2025, and 2025 was loss-making at the operating line.
• Liabilities are 89.3% of equity and borrowings are ₩137.1B, against cash of only ₩2.5B; the filings do not explain how these will be repaid.
• Trailing free cash flow was positive at about ₩3.5B, and the stock trades at 0.3 times book value with no dividend.
• Recent headlines focus on the revival of the Cyworld social network, a stake increase by Skyworld Wide in Sky Intelligence to 66.9%, and a series of shareholder and insider filings, though the data does not link these directly to E-World's own results.

What to watch

• Upcoming half-year or annual results, which will show whether the operating profit can turn into net profit and how the borrowings are being managed.
• Further shareholder and insider filings, including the largest shareholder's holding changes and 5%+ holding reports, given the recent flurry of them.
• Whether the company provides details on the Cyworld revival or any link to its business, which the current data does not cover.