Redwoods레드우즈

Redwoods shows deep losses, heavy debt and a sharp share price fall, with recent filings pointing to bond payment failure and a delisting process.

Redwoods is a small Korean content production and actor management firm listed on KONEX. Its FY 2025 filed figures show revenue of only ₩215K against an operating loss of about ₩756M and a net loss of about ₩2.6B, with borrowings of about ₩16.5B. The share price closed at ₩1,050 on 2026-10-26, down about 65% over one year, and the market value is about ₩1.4B.

What stands out

• FY 2025 revenue was ₩215K, down from ₩837M in 2023, so the business has shrunk sharply in the filed numbers.
• Net losses are very large relative to revenue, and the company reports negative equity-related ratios, so the balance sheet is under strain.
• Borrowings of about ₩16.5B far exceed reported cash of about ₩231M.
• Recent filings include a failure to pay principal and interest on bonds (June 2026), a trading halt, and multiple delisting-related filings in March and April 2026.
• Recent news headlines are absent from the data, and foreign and institutional ownership is reported as zero, so there is little external coverage to cross-check.

What to watch

• Whether the company resolves the bond payment default and how its debts are restructured or repaid.
• Any decision on delisting or trading resumption, and the status of the trading halt.
• Whether the planned Wonju studio and officetel projects receive funding, given the cash position; the data does not say how they are financed.