What is the market cap of Refine?

The market capitalisation of Refine was ₩241B at the close on Oct 27, 2026.

Who are the largest shareholders of Refine?

According to the latest official filings, the largest reported holders are Realty Fine (76.52%, as of Sep 21, 2026); Must Asset Management (9.85%, as of Jul 30, 2025); National Pension Service (1.66%, as of Dec 31, 2024).

When is the next earnings report from Refine?

Korean companies rarely announce results dates in advance. Based on when Refine filed the same report in past years, its next preliminary results is expected between Feb 15, 2026 and Oct 27, 2026.

Does the National Pension Service own Refine?

Yes. The National Pension Service held 1.66% of Refine shares as of Dec 31, 2024.

KOSDAQ · 377450 · Internet · ₩377450

Refine리파인

377450 · KOSDAQ · ₩377450 · 리파인

₩13,900▲ ₩180 (1.31%)End-of-day · Oct 27, 2026 · End-of-day prices.

Trade

Price · 1Y +6.51%

Market cap: ₩241B
Enterprise value: ₩235B
P/E: 24.6×
P/B: 1.1×
Dividend yield: 1.9%
ROE: 4.3%
Net margin: 16.9%

Trailing 12 months from filed financial statements, as of H1 2026. Dividend yield: the 2025 dividend per share from the annual report ÷ today's price.

52-week range−19.4% from the high

₩8,420Today: ₩13,590 – ₩13,950₩17,240

Returns

1W0.0%
1M−2.5%
3M+23.3%
6M+10.5%
YTD+12.7%
1Y+6.5%

Volume today: 6,616; 0.6× the 20-day average
Traded today: ₩91M
Listed shares: 17,330,000
EPS (12 months): ₩566; Earnings yield 4.1%

Sell Buy

AI research · InitiationRefine: High Margins and Low Leverage, but Earnings Have Slipped and Governance Filings Stand OutThe filings show a highly profitable, nearly debt-free company with strong cash generation, but revenue and net income have both weakened since 2024.Read the full report →

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Signals

Quiet

BuzzQuietBuzz 35 of 100 (50 is a normal day for this stock).
MomentumFlat-4.1% over the last month; the price is below its 20-day average.
News impactLow1 news items and filings in two weeks; 0 rated high impact, 0 medium.

Signals describe activity, not recommendations. Not financial advice.

Refine stock overview

Refine (리파인, KRX: 377450) is listed on KOSDAQ, in the Internet sector. The company is a Korean real estate title search firm that has built business models combining title search with loan and guarantee products, using robotic process automation to support real estate finance services. Its shares closed at ₩13,900 on Oct 27, 2026, up 1.31% on the day, giving it a market value of ₩241B.

Market cap: ₩241B
Sector: Internet
Latest price change: +1.31%
As of: Oct 27, 2026
Main business: The company is a Korean real estate title search firm that has built business models combining title search with loan and guarantee products, using robotic process automation to support real estate finance services.

Quick answers about Refine

What does Refine do?: The company is a Korean real estate title search firm that has built business models combining title search with loan and guarantee products, using robotic process automation to support real estate finance services. Its main services are jeonse deposit loan services, mortgage loan services, and jeonse deposit return guarantee services, provided mainly to insurance companies, guarantee institutions and financial institutions. Its services are delivered to clients over dedicated lines from its title service operations in Korea.
What is the market cap of Refine?: The market capitalisation of Refine was ₩241B at the close on Oct 27, 2026.
Who are the largest shareholders of Refine?: According to the latest official filings, the largest reported holders are Realty Fine (76.52%, as of Sep 21, 2026); Must Asset Management (9.85%, as of Jul 30, 2025); National Pension Service (1.66%, as of Dec 31, 2024).
When is the next earnings report from Refine?: Korean companies rarely announce results dates in advance. Based on when Refine filed the same report in past years, its next preliminary results is expected between Feb 15, 2026 and Oct 27, 2026.
Does the National Pension Service own Refine?: Yes. The National Pension Service held 1.66% of Refine shares as of Dec 31, 2024.

Company profile

The company is a Korean real estate title search firm that has built business models combining title search with loan and guarantee products, using robotic process automation to support real estate finance services. Its main services are jeonse deposit loan services, mortgage loan services, and jeonse deposit return guarantee services, provided mainly to insurance companies, guarantee institutions and financial institutions. Its services are delivered to clients over dedicated lines from its title service operations in Korea.

Written by AI from the company's latest annual report.

Korean name: 리파인
Sector: Internet
Themes: Internet platforms
CEO: 장호준
Founded: Jul 2002
Listed: Oct 2021
Listed shares: 17,330,000
Fiscal year ends: Month 12
Website: www.refine.co.kr

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Recent filings

See all

Not Designated as Insincere Disclosure Entity (Disclosure Non-Compliance)Oct 19, 2026
Determination of Shareholder Register Closure Period or Record DateOct 2, 2026
Shareholders' meeting calledOct 2, 2026
Insider shareholding reportSep 23, 2026
Insider shareholding reportSep 23, 2026

Titles in Korean until English translations are added.

Key numbers

Volume: 6,616
Traded value: ₩91M
Day range: ₩13,590 – ₩13,950
Revenue (TTM): ₩58B
Operating margin: 31.8%
Net margin: 16.9%
ROE: 4.3%
Revenue growth (last year): −9.3%
Liabilities to equity: 5%
Foreign ownership: 1.15%
Short balance: 0.26%

Trailing 12 months from filed financial statements, as of H1 2026.

Who owns Refine?

See all

Realty Fine리얼티파인10%이상주주5% reportInsider report76.52%13.3M sharesas of Sep 21, 2026
Must Asset Management머스트자산운용5% report9.85%1.7M sharesas of Jul 30, 2025
National Pension Service국민연금공단NPS year-end1.66%as of Dec 31, 2024
EMERGING MARKETS CORE EQUITY 2 PORTFOLIODFA INVESTMENT DIMENSIONS GROUP INCN-PORT0.42%71.9K shares≈ $637.7Kas of Jul 31, 2026
THE EMERGING MARKETS SMALL CAP SERIESDFA INVESTMENT TRUST CON-PORT0.08%14.2K shares≈ $125.9Kas of Jul 31, 2026
DIMENSIONAL EMERGING MARKETS VALUE FUNDN-PORT0.08%13.7K shares≈ $121.2Kas of Jul 31, 2026

From official filings only: 5% reports and executives' and major shareholders' reports (Korea), and US funds' Form N-PORT and US managers' Form 13F (ADRs) reports. Each holder shows its latest report and the date it was as of; the same holder in two reports is shown once.

Institutions holding 5% or more

All institutions →

Must Asset Management Inc.Est. avg cost ₩17,9679.85%−22.6%

Only holdings of 5% or more are disclosed. We add up every reported trade (shares × the price in the filing, or that day's close when the filing gives none) to estimate an average cost, then value the stake at the latest close. Shares held before the first reported trade count at that day's close. It is an estimate, not the institution's real return.

National Pension Service

1.66% of shares

Year-end 2024 holding

Worth ₩3.7B

NPS stake by year-end

NPS year-end holdings, published annually.

Also known as: Refine / 리파인 / 377450 / KRX:377450

Source: KRX statistical information