Auto Parts

Sewon Precision trades at KRW 105.9bn while holding KRW 376.8bn in net current assets — a 0.16x PBR net-net. The question is not whether it is cheap, but whether those assets ever reach shareholders.

A single-product wire harness maker grew revenue 52% and operating profit 126% in 2025, yet trades at 0.4x equity and 1.4x operating profit. The August half-year report decides whether the jump was structural or a one-off.