Copus Korea코퍼스코리아

Copus Korea is loss-making, its share price has fallen sharply over the past year, and its market value is now about ₩19B.

Copus Korea distributes and produces Korean content, selling licensed dramas, variety shows and music programs mainly to Japanese broadcasters and streaming platforms. Trailing twelve-month revenue to H1 2026 was ₩44.4B, but operating and net losses were ₩6.5B and ₩6.9B, and the 2025 annual results were also loss-making. The share price closed at ₩1,272 on 2026-10-28, down 84.2% over one year.

What stands out

• Trailing revenue of ₩44.4B came with an operating margin of -14.6% and a net margin of -15.6%, so the business is not yet profitable on this basis.
• Liabilities are 132.8% of equity and borrowings are ₩24.8B against cash of ₩6.0B, which is a meaningful debt load for a company with losses.
• Trailing free cash flow was positive at ₩2.3B, although the data does not explain what drove it.
• Recent filings include several convertible bond conversions, a lawsuit filed or ruled, a 5%+ holding report and a market notice about possible administrative issue designation because market capitalisation is below ₩20B.
• Valuation metrics are low (price-to-book 0.8, price-to-sales 0.4), but the data gives no fair value estimate and P/E is not meaningful given the losses. No news headlines were provided.

What to watch

• Whether the exchange proceeds with the possible administrative issue designation linked to market capitalisation below ₩20B.
• Further convertible bond conversions and lawsuit outcomes named in recent filings, which could affect share count and finances.
• Upcoming results and whether losses narrow and borrowings are reduced; the data does not list a result date.